Congressional Budgets
Latest
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Upcoming Congressional Fiscal Policy Deadlines
Updated 3/28/2025: The President signed a continuing resolution (H.R. 1968) on March 15, 2025, that runs through September 30, 2025. Our analysis of...
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Adding Up the House Reconciliation Bill
Update (5/21/2025): CBO released a score of all titles but not a full cost estimate with interactions; our analysis of that score is here . The...
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Comparing the House vs. Senate on FY 2025 Reconciliation
The 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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Senate Instructions Would Push Fiscal Goals Further Out of Reach
The 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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What’s in the Senate’s Concurrent FY 2025 Budget?
Update (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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Rumored Senate Reconciliation Instructions Would Double Debt Growth
Press 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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The House’s $2 Trillion in Spending Cuts Should Be an Absolute Minimum
The reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of net borrowing through 2034...
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A $2 Trillion Cut Compared to $86 Trillion in Spending
The House-adopted Fiscal Year (FY) 2025 budget resolution calls for up to $2 trillion in spending cuts as partial offsets for $4.8 trillion of tax...
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House Spending Cuts Would Not Be Largest in History
The House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net $2.8 trillion of...
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House Budget Allows At Least $2.8 Trillion of Deficit Increases
The House of Representatives will soon consider a budget resolution for Fiscal Year (FY) 2025, which was reported favorably out of the House Budget...
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What’s Driving Medicaid Spending?
In the Congressional Budget Office’s (CBO) latest budget baseline, the agency revised projections of Medicaid enrollment and outlays for the next...
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Bipartisan Fiscal Forum Leaders Letter Calls to Address Debt
Bipartisan Fiscal Forum co-chairs Rep. Scott Peters (D-CA) and Rep. Bill Huizenga (R-MI) recently led a letter to House Speaker Mike Johnson (R-LA)...