Budgets & Projections
Latest
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House GOP Kicks Off New Congress with Fiscal Irresponsibility
Read moreThe 114th Congress has barely even started and House Republicans are already proposing to explicitly ignore pay-as-you-go (PAYGO) rules that require...
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Senators Chambliss and Coburn Bid Farewell, Talk Fiscal Issues
Read moreThe end of the 113th Congress saw the retirement of two Senators who actively fought for controlling and limiting the U.S. federal debt. Senators...
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CBO Shows Social Security is in Financial Trouble
Read moreIt is clear that Social Security faces financial challenges. This year, its own Trustees estimated the combined trust funds would run out of reserves...
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CRS Talks About Need for Fiscal Sustainability and Plans to Achieve It
Read moreThe Congressional Research Service's Jane Gravelle recently put out a paper on plans to address long-term deficits and debt. The piece both goes...
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Discussing the Uncertainty of Long-Term Budget Projections
Read moreAn old saying goes, "Nothing is certain but death and taxes." But in budget projections, neither of those things -- mortality rates nor revenue levels...
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Event Recap: A Discussion on Dynamic Scoring
Read moreThe Committee for a Responsible Federal Budget hosted a policy discussion this past Tuesday on dynamic scoring. CRFB President Maya MacGuineas opened...
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Budget Gimmicks in the CRomnibus Bill
Read moreThe eagerly awaited $1.1 trillion "CRomnibus" bill was released yesterday, and given its far-reaching nature, many aspects are being scrutinized. From...
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CROmnibus Would Avoid Shutdown but Includes Budget Gimmicks
Read moreClick here to read more about the budget gimmicks in the CROmnibus bill.
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Maya MacGuineas: How to Improve the Tax Extenders Bill? Start by Paying for It.
Read moreMaya MacGuineas, President of the Committee for a Responsible Federal Budget, wrote a commentary that appeared in the Wall Street Journal Washington...
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Measuring Inflation Right Saves $375 Billion
Read moreAccording to the latest CBO Budget Options report, adopting the chained CPI – an inflation index that most economists believe is a more accurate...