Budget Process and Rules
Latest
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It’s Time for a New Fiscal Commission
Read moreYesterday, Speaker McCarthy suggested the idea of a bipartisan fiscal commission to explore long-term budgetary issues. The following is a statement...
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CRFB Reacts to Budget Agreement
Read moreSpeaker McCarthy announced this evening that he and the President have reached an agreement in principle on a bipartisan plan to reduce deficits and...
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Congress On Track to Miss Budget Deadline for 20th Year in a Row
Read moreThe statutory deadline for Congress to complete action on a concurrent budget resolution for Fiscal Year (FY) 2024 is April 15. The budget process...
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Lawmakers Reintroduce Sustainable Budget Act
Read moreLawmakers in both chambers of Congress recently reintroduced the Sustainable Budget Act, with Representatives Ed Case (D-HI) and Steve Womack (R-AR)...
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One Month Until Congressional Budgets Come Due
Read moreThe deadline for the House and Senate Budget Committees to propose and reconcile their respective budgets for Fiscal Year (FY) 2024 – April 15 th – is...
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CBO Briefing Shines Light on Our Fiscal Challenges
Read moreLater today, Congressional Budget Office (CBO) Director Phillip Swagel will brief members of the House of Representatives on the Budget and Economic...
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What We Hope to See in the White House and Congressional Budgets
Read moreThe White House will release President Biden’s Fiscal Year (FY) 2024 budget proposal on Thursday, and then the Budget Committees should meet their...
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Congress Should Avoid Budget-Busting Omnibus
Read moreCongressional negotiators are apparently discussing a Fiscal Year 2023 omnibus appropriations bill of $1.65 trillion or higher, which would represent...
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Lawmakers Now Three Months Past Budget Due Date
Read moreThe Congressional Budget Act states that Congress must pass its concurrent budget resolution on April 15 th of each year, but no action has been taken...
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Congress Needs to Stop Deeming and Start Budgeting
Read moreToday, the House of Representatives passed a $1.6 trillion “deeming resolution” to set the topline level for appropriations for Fiscal Year 2023. The...
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Congress Misses Budget Deadline Again
Read moreThe statutory deadline for Congress to pass a concurrent budget resolution is April 15. The following is a statement from Maya MacGuineas, president...
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Omnibus Bill Highlights Need for Spending Caps
Read morePolicymakers are currently considering an omnibus appropriations bill to fund the federal government through the remainder of the fiscal year. The...