Budgets & Projections
Latest
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Maya MacGuineas's House Budget Testimony on the 3% Fiscal Target
Read moreOn March 26, 2026, Committee for a Responsible Federal Budget President Maya MacGuineas testified before the House Budget Committee on "The Best...
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CRFB Applauds Senate Introduction of 3% Fiscal Goal
Read moreSenators Kevin Cramer (R-ND) and Angus King (I-ME), joined by Senators David McCormick (R-PA) and Gary Peters (D-MI), introduced a resolution in the...
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn March 17, 2026, the gross national debt exceeded $39 trillion for the first time. This mark serves as an important reminder of the nation's...
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Gross National Debt Reaches $39 Trillion
Read moreThe gross national debt of the United States reached $39 trillion yesterday, according to the U.S. Treasury. The gross debt reached its previous...
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Unilateral Executive Tax Cuts Could Add Hundreds of Billions to Debt
Read moreThe Trump Administration is reportedly considering an executive action – at the urging of lawmakers in both the House and Senate – to reduce capital...
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Bipartisan Momentum Builds for the Fiscal Contingency Preparedness Act
Read moreUpdated on 3/16/26 to reflect additional support. The Fiscal Contingency Preparedness Act (FCPA), introduced last year by Representatives Ben Cline (R...
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Any War Supplemental Should Be Responsibly Targeted
Read moreAs the military conflict with Iran continues, there has been increasing discussion over a possible “war supplemental” to help fund the U.S. military...
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Maya MacGuineas's Senate Testimony on the Fiscal Outlook 2027-2036
Read moreOn March 11, 2026, Committee for a Responsible Federal Budget President Maya MacGuineas testified before the Fiscal Responsibility and Economic Growth...
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OBBBA Dynamic Score Comes In at $4.7 Trillion
Read moreThe “One Big Beautiful Bill Act” (OBBBA) will add $4.2 trillion to the national debt through Fiscal Year (FY) 2034 or $4.7 trillion through 2035 after...
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Bipartisan, Bicameral Support for a Fiscal Commission
Read moreSenators John Curtis (R-UT) and Angus King (I-ME) recently introduced the Fiscal Commission Act , a bipartisan bill that would establish a fiscal...
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12-Month Rolling Deficit is $1.6 Trillion in February 2026
Read moreThe federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the Congressional Budget...
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CBO Estimates $1 Trillion Deficit for First Five Months of FY 2026
Read moreThe United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the...