Budget Process
Latest
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CRFB Reacts to the President’s FY 2024 Budget
Read morePresident Biden released his Fiscal Year (FY) 2024 budget request moments ago, outlining his tax and spending priorities over the next decade. Under...
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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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The Debt Ceiling and Fiscal Reforms
Read moreWith federal debt subject to the limit currently at $31.38 trillion, the federal government has officially run up against its debt ceiling. In January...
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Prevent Government Shutdowns Act of 2023 Introduced in the Senate
Read moreLast week, Senators James Lankford (R-OK), Maggie Hassan (D-NH), and a bipartisan group of nine additional senators reintroduced the Prevent...
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President Biden Skips Budget Deadline for Third Year Straight
Read morePress reports indicate that President Biden’s Fiscal Year 2024 budget will be submitted this March, well after the statutory deadline of the first...
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Q&A: Everything You Should Know About the Debt Ceiling
Read moreThis paper has been updated here. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to...
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Alice Rivlin’s "Divided We Fall" Offers Way Forward for the Country
Read moreWe at the Committee for a Responsible Federal Budget continue to mourn the loss of Alice Rivlin, a former board member of the Committee and the...
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House Rules Package Would Make It Too Easy to Add More to the Debt
Read moreThe House of Representatives is expected to vote sometime soon on a new rules package for the 118 th Congress, which includes a number of changes to...
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Spending is Too High, But At Least Congress Avoids Debt-Fueled Christmas Tree Bill
Read moreLawmakers unveiled an omnibus appropriations bill for Fiscal Year 2023 today. The bill would set discretionary spending at around $1.65 trillion...
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Q&A: Everything You Should Know About Government Shutdowns
Read moreThis paper has been updated here. The new fiscal year (FY) began on October 1, 2022, and Congress has so far enacted none of the 12 appropriations...
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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...