Budgets & Projections
Latest
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CBO Estimates Deficit Up $44 billion, Spending Up $140 billion in 2025
Read moreThe Congressional Budget Office (CBO) estimates that the U.S. borrowed $599 billion from January through March 2025 – up $44 billion from January...
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Either Reconciliation Approach Would Raise Debt Ceiling With More Borrowing
Read moreThe reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year (FY) 2025 would allow for a $4 to $5 trillion debt...
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently appeared on Bloomberg TV's "Balance of Power" with hosts Joe Mathieu and Kailey Leinz to discuss the...
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The House Should Hold the Line on Deficit Reduction
Read moreThe House will reportedly bring the Senate’s Fiscal Year (FY) 2025 concurrent budget resolution to the floor for a vote this week. The budget includes...
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Unpaid-for TCJA Extension Would Shrink the Economy, CBO Says
Read moreIn a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act (TCJA) would not only...
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Senate Budget Could Enable Unprecedented Deficit Increase
Read moreThe Senate’s proposed concurrent Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $5.8 trillion to primary deficits through...
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Senate Instructions Would Push Fiscal Goals Further Out of Reach
Read moreThe Senate’s proposed concurrent budget resolution would allow lawmakers to add $5.8 trillion to deficits through 2034. We estimate that enacting...
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How Much Did President Biden Add to the Debt?
Read moreOver the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 trillion in new ten-year...
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What’s in the Senate’s Concurrent FY 2025 Budget?
Read moreUpdate (4/11/2025): The Senate adopted the budget described below on April 5, 2025, and the House adopted the budget on April 10, 2025, making this...
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CRFB Reacts to Senate Proposed Budget
Read moreThe Senate Budget Committee released a draft amendment to the House’s Fiscal Year (FY) 2025 budget resolution today, which the Senate intends to adopt...
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Rumored Senate Reconciliation Instructions Would Double Debt Growth
Read morePress reports indicate that Senate leadership may release a proposed concurrent budget resolution for Fiscal Year (FY) 2025 as early as today with...
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Senate Should Not Undermine Budget Rules to Pass Tax Cuts
Read moreIn developing a budget resolution, the Senate had considered adopting a “current policy baseline” to obscure nearly $4 trillion of borrowing over the...