Committee for a Responsible Federal Budget5h
12-Month Rolling Deficit is $2.1 Trillion in January 2025
The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from ...
Committee for a Responsible Federal Budget1d
CBO's Revenue Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...
Committee for a Responsible Federal Budget1d
CBO Estimates $838 Billion Deficit for First Four Months of FY 2025
The United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according to the latest ...
Committee for a Responsible Federal Budget4d
$3 Trillion of Dynamic Feedback is Fantasy Math
The $3 trillion of claimed dynamic feedback is 14 times as large as the average estimate of $213 billion. Producing $3 ...
Committee for a Responsible Federal Budget4d
Maya MacGuineas on CNBC's "The Exchange"
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on CNBC's "The Exchange" to discuss the Committee's estimates of President Trump’s ...
Committee for a Responsible Federal Budget4d
2025 Reconciliation Resources
The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA).
Committee for a Responsible Federal Budget5d
Interest on the Debt to Grow Past $1 Trillion Next Year
The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...
Committee for a Responsible Federal Budget5d
Trump Tax Priorities Total $5 to $11 Trillion
Reduce revenue by $5.0 trillion to $11.2 trillion over ten years. Lower revenue by 1.3 to 3.0 percent of Gross Domestic ...