Latest
-
2023 Deficit Hit $1.7 Trillion
Read moreThe U.S. Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2023, showing a $1.7 trillion deficit for the...
-
At $1.7 Trillion, Our Deficit Is Much Too High
Read moreThe U.S. Treasury Department released the final Monthly Treasury Statement for Fiscal Year 2023 today, confirming the budget deficit totaled $1.7...
-
CRFB Reacts to $106 Billion of Supplemental Funding
Read moreToday, the White House requested $106 billion of supplemental appropriations to address the conflicts in Ukraine, Israel, and Gaza as well as border...
-
House Site-Neutral Policy Should Save More
Read moreHouse leadership recently introduced the Lower Costs, More Transparency Act, that unifies multiple legislative proposals from the Energy and Commerce...
-
IRS Rescission Would Worsen Deficits
Read moreRescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years...
-
NDAA Includes $150 Billion Deficit-Increasing Program
Read moreThe Senate-passed National Defense Authorization Act for Fiscal Year (FY) 2024 (NDAA) would increase the deficit by $153 billion over a decade...
-
The Budget Act At 50 – Budget Process Reform Recommendations for the 118th Congress
Read moreThe Congressional Budget and Impoundment Control Act will turn 50 next year, and the budget process is showing its age. The current budget process is...
-
Deficit Tops $1.7 Trillion As Interest Rates Surge
Read moreThe Congressional Budget Office (CBO) today released its final Monthly Budget Review of Fiscal Year (FY) 2023, finding that the budget deficit totaled...
-
Interest Rates Remain Near Record Highs
Read moreInterest rates continue to surge, hitting new post-financial crisis records. Over the past month, yields on the ten-year Treasury note have risen more...
-
Tim Scott's Proposal for Cutting Spending, Cutting Government, and Cutting Taxes
Read moreGOP presidential candidate and Senator Tim Scott (R-SC) recently unveiled a comprehensive economic plan, titled “ Build. Don’t Borrow." The plan is...
-
Congress Avoids a Shutdown, But Leaves Much More to Be Done
Read moreThe House and Senate have approved a Continuing Resolution (CR) that funds the government at Fiscal Year 2023 appropriations levels and avoids a...
-
CRFB Reacts to Proposed Fiscal Commission
Read moreToday, Bipartisan Fiscal Forum Co-Chairs Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA) proposed bipartisan legislation to establish a...