Latest
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Treasury Confirms $925 Billion Deficit For First 7 Months of Fiscal Year 2023
Read moreIn the first seven months of fiscal year 2023, the United States borrowed $925 billion, according to the latest Monthly Treasury Statement from the...
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Policymakers Need to Raise the Debt Ceiling
Read moreToday, President Biden, Speaker McCarthy, Leader Jeffries, Leader Schumer, and Leader McConnell met at the White House for a discussion on raising the...
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Deficit Nearly $2 Trillion Over Past Year
Read moreThe federal government has run nearly $2 trillion in deficits over the past year, based on monthly data from the Congressional Budget Office (CBO)...
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Maya MacGuineas on Washington Post Live
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined Washington Post Live to discuss the debt ceiling, federal...
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Revenue Surge Comes to an End
Read moreAfter surging to a near-record 19.6 percent of Gross Domestic Product (GDP) last fiscal year, revenue has fallen to 17.7 percent of GDP over the past...
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House Appropriations Committee Publishes FY 2024 Community Project Funding Requests
Read moreIn an effort to improve transparency around the appropriations process, the House Appropriations Committee recently centralized a list of Fiscal Year...
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Debt Ceiling Must Be Raised As Soon As Possible
Read moreTreasury Secretary Janet Yellen sent a letter to Congressional leadership today estimating the debt limit could be breached as soon as June 1 absent...
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Maya MacGuineas on Fox News' "Sunday Night in America"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined Fox News' "Sunday Night in America" with Trey Gowdy to discuss...
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Maya MacGuineas on MSNBC's "The Sunday Show"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined MSNBC's "The Sunday Show" with Jonathan Capehart to discuss the...
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John Kasich and Timothy Penny: Balanced Budgets Don't Need to Be a Thing of the Past
Read moreJohn Kasich and Timothy Penny are former Members of Congress and a board member and a co-chair, respectively, of the Committee for a Responsible...
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Unpaid-For Tax Cuts Would Be Irresponsible and Hypocritical
Read moreAccording to press reports, the House majority is currently considering a tax cut package that would extend or reverse several business provisions...
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CRFB Statement on Limit, Save, Grow Act Passage
Read moreThe House of Representatives just passed the Limit, Save, Grow Act, which would raise the debt ceiling, cap discretionary spending, and reduce...