CRFB Releases Paper Analyzing President's Framework

This morning, CRFB released a paper analyzing President Obama's new budget framework which the President laid out last week in a speech at the George Washington University. In this paper, we find that the President's Framework saves $2.5 trillion over 10 years, a substantial improvement over the President's February budget request. By comparison, we find that the House budget plan -- based on the budget proposal from House Budget Committee Chairman Paul Ryan (R-WI) -- and the Fiscal Commission plan each save just over $4 trillion over the period.

To read the full paper, click here.

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Congress Should Avoid a Costly End-of-Year Package

With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the Congressional lame duck session. Instead, lawmakers should begin making progress on the debt either by enacting savings or implementing process reforms.

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