Budget Process
Latest
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“Current Policy Baseline” Gimmick Could Explode the Debt
Read moreAs the House and Senate work to land on a concurrent budget resolution, Congress may consider trying to measure their reconciliation bills relative to...
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House Reconciliation Instructions Sets Stage for Way Too Much Borrowing
Read moreThe House Budget Committee released a proposed budget resolution for Fiscal Year (FY) 2025 today. The budget resolution includes reconciliation...
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Reforming the Debt Ceiling
Read moreThe debt ceiling was reinstated on January 2, 2025. Lawmakers should lift it as soon as possible rather than relying on extraordinary measures and...
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Responsible Budgeting Act Reintroduced in the House
Read moreOn February 6, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, along with Representatives...
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Budget Resolutions Should Set Up Deficit Reducing Reconciliation
Read moreThe Senate Budget Committee has scheduled a markup for tomorrow of their recently released proposed budget resolution for Fiscal Year (FY) 2025...
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FY 2025 & 2026 Budget Resolution Principles
Read moreA fiscally responsible budget resolution should abide by the following principles: Set a meaningful fiscal goal with a plan to meet that goal The...
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Case and Womack Renew Efforts with the Sustainable Budget Act
Read moreRepresentatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member...
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Upcoming Congressional Fiscal Policy Deadlines
Read moreUpdated 1/9/2024: The President signed a continuing resolution on December 21, 2024, that runs through March 14, 2025. Lawmakers will need to pass...
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Budget Resolution Should Provide a Plan for Realistic Debt Reduction
Read moreLawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that...
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently appeared on Bloomberg's "Balance of Power" to discuss President-elect Trump's comments on the debt...
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Debt Ceiling Q&A
Read moreAfter being suspended by the Fiscal Responsibility Act in 2023, the federal debt ceiling was restored on January 2 and set to the outstanding debt...
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Reflections on the 2024 Ed Lorenzen Fiscal Internship
Read moreBy Olabisi Omoniyi-Alake The time that I have spent working at the Committee for a Responsible Federal Budget (CRFB) has been a transformative...