Latest
-
Q&A: Everything You Should Know About the Debt Ceiling
Read moreThis paper has been updated here. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to...
-
Alice Rivlin’s "Divided We Fall" Offers Way Forward for the Country
Read moreWe at the Committee for a Responsible Federal Budget continue to mourn the loss of Alice Rivlin, a former board member of the Committee and the...
-
Congress Should Limit Discretionary Spending to Help Control the Debt
Read moreAccording to press reports, a number of Members of Congress have called for reducing fiscal year (FY) 2024 appropriations levels back to FY 2022...
-
Treasury Confirms Calendar Year 2022 Deficit Tops $1.4 Trillion
Read moreThe Treasury Department released the final Monthly Treasury Statement of calendar year 2022 today, confirming that the United States borrowed $1.4...
-
What Would It Take to Balance the Budget?
Read moreWe have published an updated analysis " What Would It Take to Balance the Budget? An Update" to account for the Congressional Budget Office's latest...
-
Chris Towner: Three Charts That Tell America’s Troubling Fiscal Tale
Read moreChris Towner is policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Inside Sources , an excerpt...
-
December Deficit Tops $82 Billion
Read moreThe United States borrowed $82 billion in December, making the total for fiscal year 2023 so far $418 billion according to the latest Monthly Budget...
-
Proposed Student Loan Rule Is Costly and Flawed
Read moreToday, the Department of Education released a proposed rule to create a new and highly problematic income-driven repayment (IDR) plan for federal...
-
FY 2023 Omnibus Means Over $700 Billion Boost to Baseline Spending
Read moreThe recently-passed Fiscal Year (FY) 2023 omnibus appropriations package will substantially boost appropriations levels this fiscal year and into the...
-
House Rules Package Would Make It Too Easy to Add More to the Debt
Read moreThe House of Representatives is expected to vote sometime soon on a new rules package for the 118 th Congress, which includes a number of changes to...
-
IRS Funding Repeal Could Cost Over $100 Billion, Encourage Tax Cheating
Read more1/9 Update: CBO released a score of the bill, incorporated below. The House is likely to vote today on a bill that would rescind roughly $70 billion...
-
Congress Approved $113 Billion of Aid to Ukraine in 2022
Read moreSince Russia launched its invasion of Ukraine less than one year ago, Congress has approved more than $113 billion of aid and military assistance to...