Latest
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Options Floated to Offset Israel Aid Package
Congress is currently considering $14.3 billion of supplemental emergency funding to aid Israel and Gaza, with the House having passed a version that...
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Treasury Confirms $67 Billion Deficit in First Month of Fiscal Year
The United States borrowed $67 billion in the first month of fiscal year 2024, according to the latest Monthly Treasury Statement from the Treasury...
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TCJA Expansions Could Balloon Cost of Extensions
Extending various income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) expiring after 2025 would cost $3.4 trillion through 2035...
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CRFB Applauds Fiscal Stability Act
Today, in a show of fiscal leadership and bipartisanship, Senators Joe Manchin (D-WV) and Mitt Romney (R-UT) announced the Fiscal Stability Act , a...
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Government Shutdowns Q&A: Everything You Should Know
This paper has been updated here. The first continuing resolution (CR) for fiscal year (FY) 2024 expires on November 17, 2023, and Congress has so far...
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CBO Estimates $65 Billion Deficit For First Month of Fiscal Year
Since Fiscal Year (FY) 2024 began on October 1, the United States has already borrowed $65 billion, according to the latest Monthly Budget Review...
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Paying for Emergency Funding
As Congress considers $14 billion of emergency funding to aid Israel and potentially tens of billions more in other one-time foreign and domestic...
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CBO: Israel Supplemental Costs $27 billion
The House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the...
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Chartbook: R versus G and the National Debt
On October 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on the...
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Moore v. US Ruling Could Widen Deficits, Upend Tax Law
A pending Supreme Court case, Moore v. United States, could have implications that undermine existing tax law, upend the tax code, and cost the U.S...
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House Supplemental Should Find Real Offsets
Today, the House of Representatives released draft legislation to provide emergency funding related to the conflict in Israel and Gaza. The $14.3...
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What's in the White House's $56 Billion Domestic Supplemental Request?
Less than a week after requesting $106 billion for national security needs, the Biden Administration submitted to Congress a domestic emergency...