Budgets & Projections
Latest
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CBO Releases March 2025 Long-Term Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its March 2025 Long-Term Budget and Economic Outlook, its first full thirty-year baseline and... -
CBO: Debt Will Rise to 156% of the Economy in 30 Years
Read moreThe Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook today, showing that under current law, debt will rise from 100... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
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)...