Latest
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12-Month Rolling Deficit is $1.6 Trillion in March 2026
Read moreThe federal government borrowed $1.6 trillion over the past 12 months based on new estimates from the Congressional Budget Office (CBO). CBO estimates...
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CBO Estimates $1.2 Trillion Deficit for First Half of FY 2026
Read moreThe United States borrowed $1.2 trillion in the first six months of Fiscal Year (FY) 2026, including $163 billion in March, according to the latest...
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CMS Abandons Efforts to Rein in Medicare Costs
Read moreAfter proposing meaningful reforms to reduce Medicare Advantage (MA) overpayments in January, the Centers for Medicare & Medicaid Services (CMS)...
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Comments on Proposed Workforce Pell Grant Rule
Read moreOn April 8, 2026 the Committee for a Responsible Federal Budget's Senior Policy Advisor for Higher Education Alexander Holt submitted comments on the...
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Senators Introduce 3% Fiscal Target Resolution
Read moreSenators Kevin Cramer (R-ND) and Angus King (I-ME), along with Senators Dave McCormick (R-PA) and Gary Peters (D-MI), recently introduced a resolution...
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An Overview of the President's FY 2027 Budget
Read moreThe Trump Administration released its Fiscal Year (FY) 2027 budget request today. While the President’s budget typically presents a comprehensive plan...
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CRFB Statement on President’s FY 2027 Budget
Read morePresident Trump released his Fiscal Year (FY) 2027 budget request today. The President’s budget is intended to outline the Administration’s priorities...
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Potential Steel and Aluminum Tariff Changes Would Raise $70 Billion
Read moreNote: (04/02/2026) The Administration's proclamation issued today adjusting tariffs on the imports of steel, aluminum, and copper differs from...
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Statement for the Record on Experience Matters: Seniors and the Workforce
Read moreThe Committee for a Responsible Federal Budget submitted a statement for the record pertaining to the Senate Aging Committee hearing on "Experience...
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CRFB Urges the Broad Use of the 3% Target in Budgets
Read moreA number of federal budget proposals should soon be released for the upcoming fiscal year and decade, including the President’s budget, the House and...
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Weak Auctions Underscore Risks of our Growing Debt Burden
Read moreAuctions for the 2-year, 5-year, and 7-year Treasury notes went poorly last week and Treasury yields spiked, raising concerns about investor demand...
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A $1.5 Trillion Defense Budget Could Mean Nearly $7 Trillion in Higher Debt
Read morePresident Trump is expected to release his Fiscal Year (FY) 2027 budget later this week, which may include a proposal to increase the defense budget...