Budget Process
Latest
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A Bipartisan Win for Fiscal Responsibility
Read moreThe Senate recently passed the Fiscal Responsibility Act (FRA), sending the bill to President Biden to be signed into law. The bill as written...
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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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Statement on House Passage of Fiscal Responsibility Act
Read moreThe House of Representatives recently passed the Fiscal Responsibility Act (FRA), which according to CBO would reduce debt levels by roughly $1.5...
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Congress Should Act Swiftly to Pass Fiscal Responsibility Act
Read moreThe House will vote tomorrow on the Fiscal Responsibility Act of 2023 – bipartisan legislation to limit discretionary spending, suspend the debt limit...
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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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Q&A: Everything You Should Know About the Debt Ceiling
Read moreThe federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which lasted until January 19, 2023, according to a...
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House Appropriations Committee Publishes FY 2024 Community Project Funding Requests
Read moreIn an effort to improve transparency around the appropriations process, the House Appropriations Committee recently centralized a list of Fiscal Year...
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John Kasich and Timothy Penny: Balanced Budgets Don't Need to Be a Thing of the Past
Read moreJohn Kasich and Timothy Penny are former Members of Congress and a board member and a co-chair, respectively, of the Committee for a Responsible...
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Rep. Golden Releases Fiscal Framework to Stabilize Debt
Read moreToday, Representative Jared Golden (D-ME) published a piece calling for lawmakers to raise the debt limit and then negotiate a responsible budget deal...
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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...