Latest
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12-Month Rolling Deficit Rises to $2.2 Trillion in February 2025
Read moreThe federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the Congressional Budget Office (CBO)...
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CBO Estimates $1.1 Trillion Deficit for First Five Months of FY 2025
Read moreThe United States borrowed $1.1 trillion in the first five months of Fiscal Year (FY) 2025, including $308 billion in the month of February, according...
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House Spending Cuts Would Not Be Largest in History
Read moreThe 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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Maya MacGuineas on Fox Business’s “Mornings with Maria”
Read moreCommittee president Maya MacGuineas recently appeared on Fox Business’s “Mornings with Maria” to discuss the House continuing resolution (CR), the...
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Potential Savings from Shrinking the Federal Workforce
Read moreThe Trump Administration has called for significant reductions to the federal workforce and has begun the process by laying off a number of federal...
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New Estimates Confirm Economic Growth Won’t Pay for Tax Cuts
Read moreThe latest estimates from third-party modelers confirm what we’ve said several times before: economic growth will not pay for tax cut extensions. New...
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CRFB Reaction to the President’s Joint Address to Congress
Read moreYesterday, President Trump laid out his economic and other policy priorities in his first address to a joint session of Congress of his second term...
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Government Shutdowns Q&A: Everything You Should Know
Read moreDiscretionary funding for Fiscal Year (FY) 2025 will expire on March 14, and Congress has so far enacted zero of the 12 full-year appropriations bills...
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The Government Needs Funding and the Budget Needs Fixing
Read moreGovernment funding is set to expire on March 14, meaning lawmakers will need to pass – and the President will need to sign – appropriations bills for...
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Chartbook: Reconciliation 101
Read moreOn February 25, Marc Goldwein, senior vice president and senior policy director of the Committee for a Responsible Federal Budget, gave a presentation...
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Continued Inflation Highlights Danger of More Deficits
Read moreThe Federal Reserve’s preferred measure of inflation — the personal consumption expenditure (PCE) index — came in at 0.3 percent in January, twice the...
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“Current Policy Baseline” Gimmick Could Explode the Debt
Read moreAs the House and Senate work to land on a concurrent budget resolution, Congress may consider trying to measure their reconciliation bills relative to...