Jun 23, 2020 | Other Spending
COVID-19 Doesn’t Justify Massive, Debt-Financed Infrastructure Spending
House Democrats yesterday released a sizeable highway and infrastructure bill, just as President Trump is also reportedly considering his own...
Press Releases
Jun 10, 2020 | Other Spending
Treasury Reports $399 Billion Deficit in May as COVID-19 Relief Continues
The United States budget deficit for the month of May totaled $399 billion, bringing the deficit thus far for fiscal year 2020 to $1.88 trillion,...
Jun 3, 2020 | Other Spending
Committee President Maya MacGuineas Testifies on Need for Improved Oversight, Accountability of COVID-19 Relief Funds
Committee for a Responsible Federal Budget president Maya MacGuineas will testify today, June 3, before a newly established committee of federal...
Jun 1, 2020 | Budget Process
The Committee for a Responsible Federal Budget Hails Responsible Economic Leadership
A bipartisan group of 60 members of Congress – led by Reps. Scott Peters (D-CA) and Jodey Arrington (R-TX) – issued a letter today supporting...
May 5, 2020 | Budgets & Projections
Treasury Will Borrow $3 Trillion in Just Three Months
The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in borrowing, as the...
Apr 22, 2020 | Social Security
Trustees Detail Pre-COVID-19 Medicare, Social Security Insolvency Timeline
the Social Security trust funds in 15 years. After accounting for the sharp economic downturn caused by the pandemic, the trust funds are likely to...
Apr 21, 2020 | Budgets & Projections
Debt Rises $1 Trillion Over One Month
The national debt has grown by more than $1 trillion over the past month, from $17.5 trillion on March 17th to $18.5 trillion on April 17th....
Apr 20, 2020 | Other Spending
COVID Money Tracker Launches to Enhance Transparency
Congress has already approved more than $2 trillion in fiscal measures to deal with the unprecedented economic and public health crisis caused by the...
Apr 18, 2020
Statement on the Passing of Paul O'Neill
Former Treasury Secretary and Committee for a Responsible Federal Budget board member Paul O’Neill died Saturday at the age of 84. The following is a...
Apr 15, 2020
Fiscal Fallout Contest Winners Announced
The Committee for a Responsible Federal Budget today confirmed the winners for its first ever Fiscal Fallout Contest. The competition launched in...