Budgets & Projections
Latest
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Options to Raise Tariff Revenue
Read moreUpdate: The estimates below were made in December 2024. Since then, the Trump Administration enacted and implemented numerous tariffs, including a...
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Statement on the Passing of John Spratt
Read moreCongressman John Spratt, a former longtime Representative from South Carolina and a member of the Committee for a Responsible Federal Budget, died...
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Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest...
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Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
Read moreHaving passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing...
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12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
Read moreFrom December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO)...
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CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according...
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Options for Reducing the Revenue Loss of TCJA Extension
Read moreUpdate: The offset options below were estimated prior to enactment of the One Big Beautiful Bill Act (OBBBA) and have not been updated. Some options...
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Reversing Biden Executive Actions Could Save up to $1.4 Trillion
Read moreUpdate: The offset options below were estimated prior to enactment of the One Big Beautiful Bill Act (OBBBA) and have not been updated. OBBBA reversed...
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There Are Plenty of Offsets for Tax Cut Extensions
Read moreAs Congress considers extensions of the expiring provisions in the Tax Cuts and Jobs Act (TCJA), lawmakers will need to come up with $3.9 to $4.8...
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Gross National Debt Reaches $36 Trillion
Read moreThe gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the...
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Interest Costs Have Nearly Tripled Since 2020
Read moreThe recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal...
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Marc Goldwein: Solutions: Biden still has time to nudge the federal budget closer to sanity
Read moreMarc Goldwin is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He wrote an opinion piece for the...