Latest
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2025 Reconciliation Resources
Read moreThe 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...
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Memo: CEA’s Flawed Analysis Does Not Show TCJA Extension Would Produce 3% Growth
Read moreSummary Points The estimates from the Council of Economic Advisors (CEA) 1 imply TCJA extension would boost average annual GDP growth to 1 percent...
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Senate Budget Could Enable Unprecedented Deficit Increase
Read moreThe Senate’s proposed concurrent Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $5.8 trillion to primary deficits through...
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Senate Instructions Would Push Fiscal Goals Further Out of Reach
Read moreThe Senate’s proposed concurrent budget resolution would allow lawmakers to add $5.8 trillion to deficits through 2034. We estimate that enacting...
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The Senate Abandons All Semblance of Fiscal Responsibility
Read moreThe Senate is expected to vote tomorrow morning on its Fiscal Year (FY) 2025 concurrent budget resolution following the “vote-a-rama” series of...
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How Much Did President Biden Add to the Debt?
Read moreOver the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 trillion in new ten-year...
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What’s in the Senate’s Concurrent FY 2025 Budget?
Read moreThe Senate Budget Committee unveiled its proposed concurrent Fiscal Year (FY) 2025 budget resolution yesterday, setting the stage for reconciliation...
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CRFB Reacts to Senate Proposed Budget
Read moreThe Senate Budget Committee released a draft amendment to the House’s Fiscal Year (FY) 2025 budget resolution today, which the Senate intends to adopt...
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Rumored Senate Reconciliation Instructions Would Double Debt Growth
Read morePress reports indicate that Senate leadership may release a proposed concurrent budget resolution for Fiscal Year (FY) 2025 as early as today with...
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Senate Should Not Undermine Budget Rules to Pass Tax Cuts
Read moreIn developing a budget resolution, the Senate had considered adopting a “current policy baseline” to obscure nearly $4 trillion of borrowing over the...
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Fiscal Goals Become Very Difficult with Reconciliation Plans
Read moreIt would take more than $7 trillion of ten-year savings to stabilize debt at the size of the economy by Fiscal Year (FY) 2034. But rather than making...
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Debt Ceiling Needs to be Raised in Advance of X Date
Read moreRecent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, which was reinstated on...