Budgets & Projections
Latest
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Fiscal Goals Become Very Difficult with Reconciliation Plans
Read moreIt would take more than $7 trillion of ten-year savings to stabilize debt at the size of the economy by Fiscal Year (FY) 2034. But rather than making...
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The House’s $2 Trillion in Spending Cuts Should Be an Absolute Minimum
Read moreThe reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of net borrowing through 2034...
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Analysis of CBO’s March 2025 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its January 2025 ten-year projections...
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Budget Resolution Must Have Real Savings Instructions for the Senate
Read moreAs the House and Senate work toward agreement on a concurrent budget resolution, reports indicate a potential compromise in which lawmakers combine...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...