Budgets & Projections
Latest
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Raise the Debt Ceiling & Reduce the Debt
Read moreThe Congressional Budget Office today estimated that the federal government will breach the debt ceiling sometime in the late summer or early fall, at...
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Lawmakers Should Ensure Reconciliation Reduces Debt
Read moreWith both the Senate and House of Representatives having adopted separate budget resolutions for Fiscal Year (FY) 2025 to facilitate reconciliation...
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Tax Cut Extensions Would Add $37 Trillion to Debt by 2054
Read moreIn a recent letter, the Congressional Budget Office (CBO) estimated that extending and reviving various provisions from the Tax Cuts and Jobs Act...
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CRFB Announces New Board Members Senator Mitt Romney and Senator Joe Manchin
Read moreThe Committee for a Responsible Federal Budget is honored to announce that former Senators Mitt Romney (R-UT) and Joe Manchin (I-WV) have joined its...
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CRFB Statement on the Passing of Alan K. Simpson
Read moreAlan K. Simpson, a former Senator from Wyoming and a Member of the Committee for a Responsible Federal Budget, died Friday at the age of 93. The...
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Treasury: $1.1 Trillion Deficit in First Five Months of Fiscal Year 2025
Read moreThe United States borrowed $1.1 trillion in the first five months of fiscal year 2025, including $307 billion in February, according to the latest...
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CR Rightly Avoids Shutdown But Reflects Broken Budget Process
Read moreThe House of Representatives will soon vote on a full-year continuing resolution (CR) for Fiscal Year (FY) 2025. The bill would keep the government...
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Putting the Reconciliation Resolution in Context
Read moreThe House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...
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What's in the House's Full-Year Continuing Resolution?
Read moreUpdate (3/13/2025): This piece has been updated to include an estimate of the Changes in Mandatory Programs (CHIMPs) without outlay savings, which...
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12-Month Rolling Deficit Rises to $2.2 Trillion in February 2025
Read moreThe federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the Congressional Budget Office (CBO)...
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CBO Estimates $1.1 Trillion Deficit for First Five Months of FY 2025
Read moreThe United States borrowed $1.1 trillion in the first five months of Fiscal Year (FY) 2025, including $308 billion in the month of February, according...
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House Spending Cuts Would Not Be Largest in History
Read moreThe House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net $2.8 trillion of...