Latest
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg Television's "Balance of Power" with Annmarie Hordern and Joe Mathieu to discuss the...
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We Must Not Backslide on Fiscal Responsibility Act
Read moreThe bipartisan Fiscal Responsibility Act (FRA) enacted last month was projected to generate $1.5 trillion of deficit reduction – more than any...
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Senate Appropriations Supplemental Could Add $155 Billion to the Debt
Read moreSenate Appropriations Chair Patty Murray (D-WA) and Vice Chair Susan Collins (R-ME) announced yesterday that they would introduce add supplemental...
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Chartbook: The Fiscal Cost of Income-Driven Repayment (IDR)
Read moreThe Biden Administration recently finalized a rule to significantly expand student loan Income-Driven Repayment (IDR) plan. Although the Supreme Court...
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Restoring Trust Fund Solvency Would Reduce Long-Term Debt Growth
Read moreRestoring solvency to the major trust funds would reduce one-half to four-fifths of the projected debt-to-GDP growth over the next three decades. The...
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New Evidence Suggests Even Larger Medicare Advantage Overpayments
Read moreUpdate 2/2/24: We have updated our estimate for MA overpayments due to new research into coding intensity and favorable selection from MedPAC . We...
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Bipartisan Fiscal Forum Launched
Read moreToday marked the launch of the Bipartisan Fiscal Forum, a group of lawmakers focused on drawing attention to and finding solutions for America’s...
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CRFB Applauds Launch of Bipartisan Fiscal Forum
Read moreThe Committee for a Responsible Federal Budget today applauded the launch of the Bipartisan Fiscal Forum (BFF), co-chaired by Reps. Scott Peters (D-CA...
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Treasury Reports $1.4 Trillion Deficit For First 9 Months of Fiscal Year 2023
Read moreThe United States borrowed $1.4 trillion in the first nine months of fiscal year 2023, including $228 billion in June, according to the latest Monthly...
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Mike Pence’s Proposal to Freeze Nondefense Discretionary Spending
Read moreRepublican presidential candidate Mike Pence recently proposed freezing nondefense discretionary (NDD) spending, which we estimate could save between...
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CBO Estimates $1.4 Trillion Deficit For First 9 Months of Fiscal Year
Read moreIn the first nine months of fiscal year 2023, the United States borrowed $1.4 trillion, with a $225 billion deficit in June, according to the latest...
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The Deficit Was $2.2 Trillion Over Past Year
Read moreThe federal budget deficit totaled $2.2 trillion over the past 12 months, up 64 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...