Latest
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Further Tax Cuts Would Be Irresponsible
Read moreFor Immediate Release Recently, President Trump called for a new 10 percent middle class tax cut, which news reports suggest Congress is working to...
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WATCH: Budgeting for the Next Generation
Read moreThe Committee for a Responsible Federal Budget will host a lunch and panel discussion on Budgeting for the Next Generation on Capitol Hill beginning...
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Maya MacGuineas: Massive Deficit Was Totally Predictable & Self-Imposed
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Are Defense and Disasters Causing the Deficit Increase?
Read moreWhen asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of those...
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Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength
Read moreWith last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
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Riedl Proposes Debt Reduction Plan
Read moreBrian Riedl, a senior fellow at the Manhattan Institute, recently released a budget plan to stabilize debt over the long term. The plan proposes...
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OMB and Congress Propose New Way to Budget for Federal Buildings
Read moreUPDATE: Senator Chris Van Hollen (D-MD) introduced a version of this policy on May 27, 2021. Read about his legislation here. Both lawmakers and...
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FY 2018 Deficit Was $779 Billion
Read moreFor Immediate Release The Treasury Department today released a report showing the official fiscal year 2018 deficit was $779 billion, an increase of...
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Treasury: 2018 Deficit was $779 Billion
Read moreThe Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...
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Chartbook: Budgeting for the Next Generation
Read moreThis chartbook corresponds to our project " Budgeting for the Next Generation"
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CBO Shows $782 Billion Deficit for FY 2018
Read moreLate last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
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Q&A: Everything You Should Know About Government Shutdowns
Read moreThis paper has been updated here. The fiscal year began on September 30, has only passed 5 of 12 appropriations bills setting spending levels. If...