Latest
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How Much Would the Fiscal Responsibility Act Save?
Read moreThe House-passed Fiscal Responsibility Act of 2023 (FRA) would suspend the debt limit and meaningfully reduce budget deficits – but by how much...
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It’s Time for a New Fiscal Commission
Read moreYesterday, Speaker McCarthy suggested the idea of a bipartisan fiscal commission to explore long-term budgetary issues. The following is a statement...
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Statement on House Passage of Fiscal Responsibility Act
Read moreThe House of Representatives recently passed the Fiscal Responsibility Act (FRA), which according to CBO would reduce debt levels by roughly $1.5...
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Congress Should Act Swiftly to Pass Fiscal Responsibility Act
Read moreThe House will vote tomorrow on the Fiscal Responsibility Act of 2023 – bipartisan legislation to limit discretionary spending, suspend the debt limit...
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CRFB Reacts to Budget Agreement
Read moreSpeaker McCarthy announced this evening that he and the President have reached an agreement in principle on a bipartisan plan to reduce deficits and...
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Rescinding COVID Relief Funds Saves $30 Billion
Read moreAs policymakers negotiate a deal to raise the debt ceiling and reduce deficits, reports suggest that rescinding remaining COVID relief funds may be an...
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Student Debt Cancellation Should Be Repealed
Read moreThe House of Representatives will vote today on a joint resolution disapproving the President’s August 2022 student loan cancellation plan and...
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Maya MacGuineas on C-SPAN's "Washington Journal"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to talk about the ongoing...
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Maya MacGuineas on CNBC's "Power Lunch"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined CNBC's "Power Lunch" to discuss the debt ceiling negotiations...
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Debt Explodes Under Alternative Scenarios
Read moreThe Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product...
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Interest Overtakes Kids' Spending
Read moreInterest on the debt is the fastest growing item in the federal budget, and in Fiscal Year (FY) 2023 the federal government will spend more on net...
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Meeting Fiscal Goals Under CBO's May 2023 Baseline
Read moreWe estimate that it would take $16.0 trillion of deficit reduction to balance the budget over a decade, $3.5 trillion to stabilize debt at 110 percent...