Latest
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84 Percent of Spending Growth Will Come from Health, Social Security, and Interest
Read moreBudget deficits are projected to grow from $1.7 trillion in Fiscal Year (FY) 2023 to $2.6 trillion by 2034 according to the Congressional Budget...
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Fiscal Commission Act: Just the FAQs
Read moreThe House Budget Committee recently reported the Fiscal Commission Act (FCA), sponsored by Reps. Bill Huizenga (R-MI) and Scott Peters (D-CA) on a...
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Maya MacGuineas Discusses CBO Projections on C-SPAN
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to discuss new projections from the...
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What's in the Senate-Passed National Security Supplemental?
Read moreEarlier this week, the Senate passed the National Security Act that combines aid to Ukraine and Israel with other defense-related priorities. Based on...
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IRA Energy Provisions Cost Could Double With New Emissions Rule
Read moreLast April, the Environmental Protection Agency (EPA) proposed a new rule for stricter vehicle emissions standards starting in model year (MY) 2027...
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Mike Murphy: A bipartisan fiscal commission could help lawmakers address our looming debt issues
Read moreMike Murphy is senior vice president and chief of staff at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The...
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What Would It Take To Fix the Debt?
Read moreIt would take about $8 trillion of ten-year savings to stabilize debt as a share of the economy and about $15 trillion to balance the budget under the...
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Treasury: $532 Billion Deficit in First 4 Months of Fiscal Year
Read moreThe United States borrowed $532 billion in the first four months of fiscal year 2024, including $22 billion in January, according to the latest...
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Interest Costs Will Leapfrog Medicare and Defense This Year
Read moreInterest on the debt is the fastest growing part of the budget. Net interest payments will exceed both defense and Medicare spending this year, in...
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The Deficit Was $1.8 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.8 trillion over the past 12 months, up $70 billion from Fiscal Year (FY) 2023, or 4.2 percent. The 12-month...
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CBO Projects Debt to Exceed Record in 4 Years
Read moreThe Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will eclipse its record...
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CBO Releases February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its February 2024 Budget and Economic Outlook, its first full ten-year baseline and economic...