Latest
-
Responsible Budgeting Act Reintroduced in the House
Read moreOn February 6, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, along with Representatives...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
$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”...
-
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...
-
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...
-
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...
-
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...