Budgets & Projections
Latest
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Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $2.0 trillion in calendar year 2024...
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CBO Estimates $710 Billion Deficit for First Three Months of Fiscal Year 2025
Read moreThe United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according...
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Deficit Totaled $2.0 Trillion in Calendar Year 2024
Read moreThe federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the Fiscal Year 2024 deficit and...
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Budget Offsets Bank
Read moreWith the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and
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CBO’s “Other Mandatory” Savings Options
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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Chris Towner: It’s Time To Get Serious About The Federal Budget Deficit
Read moreChris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal...
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Top 13 Fiscal Charts of 2024
Read moreIt was a busy year for fiscal policy in 2024, with a big focus on the presidential election. In addition to releasing a few major papers, we also...
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John Kasich: It’s finally time to tackle the national debt
Read moreJohn Kasich is a former governor of Ohio, former congressman representing the state, and director at the Committee for a Responsible Federal Budget...
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Lawmakers Add $380 Billion to the Debt in the Final Hours of 2024
Read moreWith the passage of the Social Security Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt...
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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...