Budgets & Projections
Latest
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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... -
CRFB Applauds Senate Introduction of 3% Fiscal Goal
Read moreSenators Kevin Cramer (R-ND) and Angus King (I-ME), joined by Senators David McCormick (R-PA) and Gary Peters (D-MI), introduced a resolution in the... -
Q&A: Gross Debt Versus Debt Held by the Public
Read moreOn March 17, 2026, the gross national debt exceeded $39 trillion for the first time. This mark serves as an important reminder of the nation's... -
Gross National Debt Reaches $39 Trillion
Read moreThe gross national debt of the United States reached $39 trillion yesterday, according to the U.S. Treasury. The gross debt reached its previous... -
Unilateral Executive Tax Cuts Could Add Hundreds of Billions to Debt
Read moreThe Trump Administration is reportedly considering an executive action – at the urging of lawmakers in both the House and Senate – to reduce capital... -
Bipartisan Momentum Builds for the Fiscal Contingency Preparedness Act
Read moreUpdated on 3/16/26 to reflect additional support. The Fiscal Contingency Preparedness Act (FCPA), introduced last year by Representatives Ben Cline (R...