Latest
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What's in the White House's $56 Billion Domestic Supplemental Request?
Read moreLess than a week after requesting $106 billion for national security needs, the Biden Administration submitted to Congress a domestic emergency...
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Any Domestic Supplemental Should Be Paid For
Read moreThe White House submitted a supplemental appropriations request for domestic needs yesterday totaling $56 billion. The request includes funding for...
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ARCHIVE: Introducing the CRFB Debt Thermometer (2023)
Read moreNote: This is an archived version of the initial CRFB Debt Thermometer. For the most recent thermometer, see this page . Fiscal policy has profound...
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2023 Revenue Plunge Confirms 2022 Surge Was a Fluke
Read moreAfter surging to 19.3 percent of Gross Domestic Product (GDP) in Fiscal Year (FY) 2022, revenue in 2023 plummeted to 16.5 percent of GDP, according to...
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2023 Interest Costs Reach $659 Billion
Read moreAccording to final data from the Treasury Department, net interest costs reached $659 billion (2.5 percent of GDP) in fiscal year 2023, a $184 billion...
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IRS Estimates a $625 Billion Tax Gap
Read moreThe Internal Revenue Service (IRS) recently released a new analysis of the “ tax gap” – the difference between taxes owed to the federal government...
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What’s in the White House’s $106 Billion Supplemental Request?
Read moreThe Biden Administration submitted to Congress an emergency supplemental funding request last week totaling nearly $106 billion. The request includes...
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2023 Deficit Hit $1.7 Trillion
Read moreThe U.S. Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2023, showing a $1.7 trillion deficit for the...
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At $1.7 Trillion, Our Deficit Is Much Too High
Read moreThe U.S. Treasury Department released the final Monthly Treasury Statement for Fiscal Year 2023 today, confirming the budget deficit totaled $1.7...
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CRFB Reacts to $106 Billion of Supplemental Funding
Read moreToday, the White House requested $106 billion of supplemental appropriations to address the conflicts in Ukraine, Israel, and Gaza as well as border...
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House Site-Neutral Policy Should Save More
Read moreHouse leadership recently introduced the Lower Costs, More Transparency Act, that unifies multiple legislative proposals from the Energy and Commerce...
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IRS Rescission Would Worsen Deficits
Read moreRescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years...