Budgets & Projections
Latest
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1% Higher Interest Rates Add $3.5 Trillion in Debt
Read moreInterest costs will exceed $1 trillion this year and have nearly tripled from $345 billion in Fiscal Year (FY) 2020. By FY 2036, the Congressional... -
Senate Budget Resolution Falls Short
Read moreThe Senate Budget Committee released a Fiscal Year 2026 budget resolution today that is expected to receive a vote in the full Senate soon. The... -
Trump CEA Projections Tracker
Read moreBefore the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) released economic and fiscal... -
Recap: Maya MacGuineas Testifies Before Senate Finance Subcommittee
Read moreOn March 11, the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth held a hearing titled “The Fiscal Outlook: 2027-2036.” The... -
12-Month Rolling Deficit is $1.6 Trillion in March 2026
Read moreThe federal government borrowed $1.6 trillion over the past 12 months based on new estimates from the Congressional Budget Office (CBO). CBO estimates... -
CBO Estimates $1.2 Trillion Deficit for First Half of FY 2026
Read moreThe United States borrowed $1.2 trillion in the first six months of Fiscal Year (FY) 2026, including $163 billion in March, according to the latest... -
Senators Introduce 3% Fiscal Target Resolution
Read moreSenators Kevin Cramer (R-ND) and Angus King (I-ME), along with Senators Dave McCormick (R-PA) and Gary Peters (D-MI), recently introduced a resolution... -
An Overview of the President's FY 2027 Budget
Read moreThe Trump Administration released its Fiscal Year (FY) 2027 budget request today. While the President’s budget typically presents a comprehensive plan... -
CRFB Statement on President’s FY 2027 Budget
Read morePresident Trump released his Fiscal Year (FY) 2027 budget request today. The President’s budget is intended to outline the Administration’s priorities... -
CRFB Urges the Broad Use of the 3% Target in Budgets
Read moreA number of federal budget proposals should soon be released for the upcoming fiscal year and decade, including the President’s budget, the House and... -
A $1.5 Trillion Defense Budget Could Mean Nearly $7 Trillion in Higher Debt
Read morePresident Trump is expected to release his Fiscal Year (FY) 2027 budget later this week, which may include a proposal to increase the defense budget... -
Maya MacGuineas's House Budget Committee Testimony on the 3% Fiscal Target
Read moreOn March 26, 2026, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the House Budget Committee on "The Best...