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Options to Raise Tariff Revenue
Read moreNote: (02/13/2025) We are updating our estimate for Reciprocal Tariffs on Countries that Impose Tariffs on U.S. Exports; it has been removed in the...
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Statement on the Passing of John Spratt
Read moreCongressman John Spratt, a former longtime Representative from South Carolina and a member of the Committee for a Responsible Federal Budget, died...
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Medicaid Savings Options
Read moreThe Medicaid program – a joint federal-state program that provides health care to low-income populations – is projected to cost the federal government...
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Senate Will Soon Vote on Speeding Up Social Security Insolvency
Read moreSenate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House...
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Typical Couple Will Lose $25,000 of Social Security from WEP/GPO Repeal
Read moreLawmakers are considering the repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Not only would...
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Event Recap – 2025: The Fiscal Challenges Ahead
Read moreOn Tuesday, December 10, 2024, the Committee for a Responsible Federal Budget hosted more than 130 people at an in-person event, " 2025: The Fiscal...
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Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest...
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Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
Read moreHaving passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing...
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TCJA Extension Might Not Pay for Any of Itself
Read moreNew data from the Congressional Budget Office (CBO) finds that economic feedback may not cover any of the revenue loss and that TCJA extension might...
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12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
Read moreFrom December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO)...
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CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according...
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Reform Needed for Medicaid DSH
Read moreFederal Medicaid Disproportionate Share Hospital (DSH) payments are set to face an $8 billion annual reduction – more than 50 percent – in 2025, 2026...