Budgets & Projections
Latest
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Marc Goldwein on CBS Evening News Plus
Read moreThe Committee's Senior Vice President and Senior Policy Director, Marc Goldwein, recently appeared on CBS Evening News Plus to discuss the recent...
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Tariffs Won’t Cover OBBBA’s Costs
Read moreYesterday, the Congressional Budget Office (CBO) estimated that recent tariff policies would reduce deficits by $2.5 to $3 trillion through 2035...
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CBO Estimates $3 Trillion of Debt from House-Passed OBBBA
Read moreThe Congressional Budget Office (CBO) released an updated cost estimate for the House-passed One Big Beautiful Bill Act (OBBBA) today, projecting that...
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Rescissions Package a First Step to Trimming Spending
Read moreThe White House Office of Management and Budget sent a letter to Congress today requesting a rescission of discretionary funding totaling $9.4 billion...
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House Reconciliation Bill Barely Slows Spending Growth
Read moreAlthough the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, the House-passed One Big...
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What Would It Take to Reach “Big, Beautiful, Balance”?
Read moreIf policymakers enact the House-passed reconciliation bill, they will need to find at least $17 trillion in savings to balance the budget. President...
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CRFB Reaction to House Reconciliation Passage
Read moreThe House of Representatives passed its Fiscal Year (FY) 2025 budget reconciliation bill, which now moves to the Senate for its consideration. The...
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CBO's First Score of House Reconciliation Bill
Read moreThe Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the One Big...
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Explaining Federal Spending and Revenue
Read moreIn Fiscal Year (FY) 2024, federal outlays totaled $6.8 trillion (23.4 percent of GDP) while federal revenues totaled $4.9 trillion (17.1 percent of...
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Senate Unanimously Agrees to Another Tax Giveaway
Read moreYesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a...
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Interest Costs Could Explode from High Rates and More Debt
Read moreInterest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing...
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Reconciliation Bill Sets up $4.8 Trillion Fiscal Cliff in 2028
Read moreAs written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trillion between 2025 and...