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Senate Budget Could Enable Unprecedented Deficit Increase
Read moreThe Senate’s proposed concurrent Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $5.8 trillion to primary deficits through... -
Senate Instructions Would Push Fiscal Goals Further Out of Reach
Read moreThe Senate’s proposed concurrent budget resolution would allow lawmakers to add $5.8 trillion to deficits through 2034. We estimate that enacting... -
The Senate Abandons All Semblance of Fiscal Responsibility
Read moreThe Senate is expected to vote tomorrow morning on its Fiscal Year (FY) 2025 concurrent budget resolution following the “vote-a-rama” series of... -
How Much Did President Biden Add to the Debt?
Read moreOver the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 trillion in new ten-year... -
What’s in the Senate’s Concurrent FY 2025 Budget?
Read moreUpdate (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... -
CRFB Reacts to Senate Proposed Budget
Read moreThe Senate Budget Committee released a draft amendment to the House’s Fiscal Year (FY) 2025 budget resolution today, which the Senate intends to adopt... -
Rumored Senate Reconciliation Instructions Would Double Debt Growth
Read morePress reports indicate that Senate leadership may release a proposed concurrent budget resolution for Fiscal Year (FY) 2025 as early as today with... -
Senate Should Not Undermine Budget Rules to Pass Tax Cuts
Read moreIn developing a budget resolution, the Senate had considered adopting a “current policy baseline” to obscure nearly $4 trillion of borrowing over the... -
Fiscal Goals Become Very Difficult with Reconciliation Plans
Read moreIt would take more than $7 trillion of ten-year savings to stabilize debt at the size of the economy by Fiscal Year (FY) 2034. But rather than making... -
Debt Ceiling Needs to be Raised in Advance of X Date
Read moreRecent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, which was reinstated on... -
The House’s $2 Trillion in Spending Cuts Should Be an Absolute Minimum
Read moreThe reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of net borrowing through 2034... -
Analysis of CBO’s March 2025 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its January 2025 ten-year projections...