Latest
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Taking a Closer Look at the House Budget’s Reconciliation Instructions
Read moreNote (2/19/2025): The below analysis was written before the committee marked up the resolution and added a requirement for an additional $500 billion...
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12-Month Rolling Deficit is $2.1 Trillion in January 2025
Read moreThe 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from...
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Budget Resolutions Should Set Up Deficit Reducing Reconciliation
Read moreThe Senate Budget Committee has scheduled a markup for tomorrow of their recently released proposed budget resolution for Fiscal Year (FY) 2025...
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David Stockman: Trump’s $30 trillion Debt Disaster
Read moreDavid Stockman is a board member of the Committee for a Responsible Federal Budget, former director of the Office of Management and Budget, and former...
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CBO Estimates $838 Billion Deficit for First Four Months of FY 2025
Read moreThe United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according...
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CBO's Revenue Savings Options
Read moreUpdate: The offset options below were estimated prior to enactment of the One Big Beautiful Bill Act (OBBBA) and have not been updated. Some options...
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$3 Trillion of Dynamic Feedback is Fantasy Math
Read moreAccording to a recent press report, the House may try to claim $3 trillion of deficit reduction as a result of “assumed economic growth from tax cuts”...
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Maya MacGuineas on CNBC's "The Exchange"
Read moreCommittee for a Responsible Federal Budget president Maya MacGuineas recently appeared on CNBC's "The Exchange" to discuss the Committee's estimates...
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Interest on the Debt to Grow Past $1 Trillion Next Year
Read moreThe Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt...
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Trump Tax Priorities Total $5 to $11 Trillion
Read moreIn a closed-door meeting with House Leadership today President Trump reportedly outlined his tax priorities. According to press reports, they included...
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Interest Costs Would Explode with $5.5 Trillion Reconciliation Package
Read moreA recent press report indicated that House leadership may be considering a budget resolution that would allow up to $5.5 trillion of net primary...
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Pell Grant Program Is In Serious Trouble
Read moreThe Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion to $111 billion ten-year...