Committee for a Responsible Federal Budget21 小时
Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
The United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest ...
Committee for a Responsible Federal Budget2 天
12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...
Committee for a Responsible Federal Budget1 天
TCJA Extension Might Not Pay for Any of Itself
New data from the Congressional Budget Office (CBO) finds that economic feedback may not cover any of the revenue loss and that TCJA extension might even add more to the debt on a dynamic basis, ...
Committee for a Responsible Federal Budget1 天
Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing ...
Having passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing resolution that expires December 20th, at whic ...
Committee for a Responsible Federal Budget2 天
CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according to the latest ...
Committee for a Responsible Federal Budget6 天
Reform Needed for Medicaid DSH
Federal Medicaid Disproportionate Share Hospital (DSH) payments are set to face an $8 billion annual reduction – more than 50 ...
Committee for a Responsible Federal Budget2 天
FY 2025 Reconciliation Resources
In order for the reconciliation process to begin, the House and Senate must pass a concurrent budget resolution that includes a deficit reduction or cost target for relevant committees. Each committee ...
Committee for a Responsible Federal Budget8 天
Reducing the Revenue Loss of TCJA Extension
Extending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9 trillion ($4.5 trillion with interest) to defici ...
Committee for a Responsible Federal Budget1 个月
Repealing WEP/GPO Would Raise Deficits, Weaken Social Security
The House of Representatives will soon vote on the Social Security Fairness Act, legislation which would repeal Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset ...
Committee for a Responsible Federal Budget2 个月
Board Members
The Committee’s Board comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of ...
Committee for a Responsible Federal Budget5 年
Budget Offsets Bank
The federal debt is nearly the size of the economy, and deficits are expected to exceed $1 trillion almost every year going forward. In order to help policymakers offset the cost of new spending ...
Committee for a Responsible Federal Budget4 年
CRFB's Realistic Baseline
In May, CBO released an update to its Budget and Economic Outlook, showing cumulative deficits from 2014 to 2023 of $6.3 trillion and debt reaching 73.6 percent of GDP in 2023. We have also updated ...