Latest
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TCJA Expansions Could Balloon Cost of Extensions
Read moreExtending various income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) expiring after 2025 would cost $3.4 trillion through 2035...
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CRFB Applauds Fiscal Stability Act
Read moreToday, in a show of fiscal leadership and bipartisanship, Senators Joe Manchin (D-WV) and Mitt Romney (R-UT) announced the Fiscal Stability Act , a...
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Government Shutdowns Q&A: Everything You Should Know
Read moreThis paper has been updated here. The first continuing resolution (CR) for fiscal year (FY) 2024 expires on November 17, 2023, and Congress has so far...
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CBO Estimates $65 Billion Deficit For First Month of Fiscal Year
Read moreSince Fiscal Year (FY) 2024 began on October 1, the United States has already borrowed $65 billion, according to the latest Monthly Budget Review...
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Paying for Emergency Funding
Read moreAs Congress considers $14 billion of emergency funding to aid Israel and potentially tens of billions more in other one-time foreign and domestic...
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CBO: Israel Supplemental Costs $27 billion
Read moreThe House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the...
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Chartbook: R versus G and the National Debt
Read moreOn October 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on the...
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Moore v. US Ruling Could Widen Deficits, Upend Tax Law
Read moreA pending Supreme Court case, Moore v. United States, could have implications that undermine existing tax law, upend the tax code, and cost the U.S...
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House Supplemental Should Find Real Offsets
Read moreToday, the House of Representatives released draft legislation to provide emergency funding related to the conflict in Israel and Gaza. The $14.3...
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What's in the White House's $56 Billion Domestic Supplemental Request?
Read moreLess than a week after requesting $106 billion for national security needs, the Biden Administration submitted to Congress a domestic emergency...
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Any Domestic Supplemental Should Be Paid For
Read moreThe White House submitted a supplemental appropriations request for domestic needs yesterday totaling $56 billion. The request includes funding for...
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ARCHIVE: Introducing the CRFB Debt Thermometer (2023)
Read moreNote: This is an archived version of the initial CRFB Debt Thermometer. For the most recent thermometer, see this page . Fiscal policy has profound...