Budgets & Projections
Latest
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Meeting Fiscal Goals Under CRFB’s August Baseline
Read moreIt would take roughly $7.5 trillion of deficit reduction over the next decade to bring the deficit down to 3 percent of GDP by 2035, and $9 trillion...
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An August 2025 Budget Baseline
Read moreThe enactment of the One Big Beautiful Bill Act (OBBBA), new tariffs framework, and other changes have meaningfully changed the fiscal outlook since...
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Gross National Debt Reaches $37 Trillion
Read moreThe gross national debt of the United States reached $37 trillion yesterday according to the U.S. Treasury. Gross debt had been held roughly constant...
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn August 11, 2025 the gross national debt exceeded $37.0 trillion for the first time. This mark serves as an important reminder of the nation's...
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12-Month Rolling Deficit is $1.9 Trillion in July 2025
Read moreThe federal government borrowed $1.9 trillion over the past year – August 2024 to July 2025 – based on estimates from the Congressional Budget Office...
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Maya MacGuineas on Fox Business' "Mornings With Maria"
Read moreCommittee for a Responsible Federal Budget president Maya MacGuineas recently appeared on Fox Business' "Mornings With Maria" to discuss CBO...
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10 Things to Look Out For After the 2025 Reconciliation Law
Read moreEarlier this month, the President signed the 2025 reconciliation law – also known as the “One Big Beautiful Bill Act” (OBBBA). The law extended and...
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Maya MacGuineas on MSNBC's "Ana Cabrera Reports"
Read moreCommittee for a Responsible Federal Budget president Maya MacGuineas recently appeared on MSNBC's "Ana Cabrera Reports" to discuss the latest...
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Retirees Face an $18,100 Benefit Cut in 7 Years
Read moreThe Social Security and Medicare trust funds are only a little more than seven years from insolvency, based on projections from the programs’ own...
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Final OBBBA Score Confirms Long Road to Fiscal Recovery
Read moreToday, the Congressional Budget Office (CBO) released its final conventional score of the recently-enacted reconciliation bill known as the One Big...
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Congress Should Not Cancel Reconciliation Offsets
Read moreA bill has been introduced that would significantly worsen the fiscal effects of the already debt-increasing reconciliation law (the “One Big...
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The 30-Year Cost of OBBBA
Read moreThe recently enacted One Big Beautiful Bill Act (OBBBA) would add an estimated $4.1 trillion to the debt through Fiscal Year (FY) 2034, based on...