Budgets & Projections
Latest
-
Maya MacGuineas on When Debt Becomes a Problem
Read moreCommittee President Maya MacGuineas recently took part in a explainer video by the Wall Street Journal, "When Does US Debt Become Genuinely Bad?"... -
Income Growth Would Slow Due to Rising Debt
Read moreA new report from the Congressional Budget Office (CBO) finds rising debt will slow economic growth and result in lower incomes than they would be... -
Marc Goldwein on CBS Evening News Plus
Read moreThe Committee's Senior Vice President and Senior Policy Director, Marc Goldwein, recently appeared on CBS Evening News Plus to discuss the recent... -
Tariffs Won’t Cover OBBBA’s Costs
Read moreYesterday, the Congressional Budget Office (CBO) estimated that recent tariff policies would reduce deficits by $2.5 to $3 trillion through 2035... -
CBO Estimates $3 Trillion of Debt from House-Passed OBBBA
Read moreThe Congressional Budget Office (CBO) released an updated cost estimate for the House-passed One Big Beautiful Bill Act (OBBBA) today, projecting that... -
Rescissions Package a First Step to Trimming Spending
Read moreThe White House Office of Management and Budget sent a letter to Congress today requesting a rescission of discretionary funding totaling $9.4 billion... -
House Reconciliation Bill Barely Slows Spending Growth
Read moreAlthough the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, the House-passed One Big... -
What Would It Take to Reach “Big, Beautiful, Balance”?
Read moreIf policymakers enact the House-passed reconciliation bill, they will need to find at least $17 trillion in savings to balance the budget. President... -
CRFB Reaction to House Reconciliation Passage
Read moreThe House of Representatives passed its Fiscal Year (FY) 2025 budget reconciliation bill, which now moves to the Senate for its consideration. The... -
CBO's First Score of House Reconciliation Bill
Read moreThe Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the One Big... -
Explaining Federal Spending and Revenue
Read moreIn Fiscal Year (FY) 2024, federal outlays totaled $6.8 trillion (23.4 percent of GDP) while federal revenues totaled $4.9 trillion (17.1 percent of... -
Senate Unanimously Agrees to Another Tax Giveaway
Read moreYesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a...