Budgets & Projections
Latest
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Reconciliation Could Increase Spending Under Senate Instructions
Read moreThe Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 trillion to primary...
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CRFB Statement on President Trump’s FY 2026 Discretionary Budget
Read moreThe Trump Administration released its “skinny budget” today, which details plans for discretionary spending for Fiscal Year (FY) 2026. The budget...
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House Education & Workforce Committee Proposes Thoughtful Higher Ed Reforms
Read moreThe House Education and Workforce Committee today released its part of the House reconciliation package, which would save over $330 billion through...
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Maya MacGuineas and Samuel T. Sicard: Situation Dire
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and Samuel T. Sicard is president and CEO of First National Bank of...
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Policymakers May Double Down on Baseline Manipulation
Read morePolicymakers are considering enacting several new tax cuts on top of the Tax Cuts and Jobs Act (TCJA) extension in the forthcoming reconciliation bill...
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Unpaid-for Tax Cuts Would Shrink Incomes, CBO Finds
Read moreThe Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional tax...
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Comparing the House vs. Senate on FY 2025 Reconciliation
Read moreThe concurrent budget resolution for Fiscal Year (FY) 2025 has been adopted by both the House and Senate. It includes reconciliation instructions that...
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Deficits Could Reach $3.5T With Senate Instructions
Read moreThe concurrent budget resolution for Fiscal Year (FY) 2025, adopted by the House last week and the Senate the week prior, includes reconciliation...
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Senate Instructions Could Add $1.1T in Interest Costs
Read moreCongress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that adds a net $5.8 trillion to primary...
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CRFB Reaction to Budget Resolution Adoption
Read moreThe House of Representatives just voted to adopt the Senate-amended Fiscal Year (FY) 2025 concurrent budget resolution, making it a concurrent...
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Treasury Confirms Borrowing $41 Billion Above First 3 Months of 2024
Read moreThe United States borrowed $596 billion from January through March 2025 – up $41 billion from January through March 2024, according to the latest...
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12-Month Rolling Deficit is $2.1 Trillion in March 2025
Read moreThe federal government has borrowed $2.1 trillion over the past year – April 2024 to March 2025 – based on estimates from the Congressional Budget...