Committee for a Responsible Federal Budget

Press Releases |

Sep 9, 2021 | Budgets & Projections

CBO Reports $173 Billion Deficit for August

The United States borrowed over $2.7 trillion in the first 11 months of fiscal year 2021, including $173 billion in...
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Sep 9, 2021 | Budgets & Projections

Responsibly Raising the Debt Limit

Yesterday, Treasury Secretary Janet Yellen warned Congress that the Treasury is likely to run out of extraordinary measures in October....
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Sep 7, 2021 | Budgets & Projections

Keeping Offsets on the Table

As lawmakers work to put together a reconciliation package that could include up to $3.5 trillion of gross spending and tax breaks, resistance has...
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Trustees Show Limited Time to Save Social Security and Medicare

Today, the Social Security and Medicare Trustees released their annual reports on the state of the trust funds. The Trustees find that Medicare’s...
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Aug 23, 2021 | Budgets & Projections

House Should Not Authorize Trillions of Borrowing

The House is expected to vote this week on a Senate-passed budget resolution for Fiscal Year 2022 that would allow up to $1.75 trillion of borrowing...
Aug 10, 2021 | Budgets & Projections

The Senate Should Restore the Conrad Rule

The Senate is currently considering a budget resolution that includes reconciliation instructions to facilitate the enactment of numerous climate,...
Aug 10, 2021 | Budgets & Projections

More Pay-Fors Needed for Bipartisan Infrastructure Act

The Senate passed the Infrastructure Investment and Jobs Act, bipartisan legislation to increase federal infrastructure investments. The legislation...
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Aug 9, 2021 | Budgets & Projections

Reconciliation Instructions Must Not Add to the Debt

Today, Senate Budget Committee Chairman Bernie Sanders released a budget resolution to allow for up to $1.75 trillion of new borrowing through...
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Aug 2, 2021 | Budgets & Projections

Congress Should Responsibly Lift the Debt Limit

The suspension of the debt ceiling expired on July 31, at which point the ceiling was automatically raised to the current level of debt – around $28....
Jul 28, 2021 | Budgets & Projections

Bipartisan Infrastructure Act a Good Start, But Needs More Pay-Fors

Today, negotiators announced a final legislative package on their $550 billion Bipartisan Infrastructure Deal and presented details of that agreement...

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