Latest
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Bipartisan Fiscal Forum Launched
Read moreToday marked the launch of the Bipartisan Fiscal Forum, a group of lawmakers focused on drawing attention to and finding solutions for America’s...
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CRFB Applauds Launch of Bipartisan Fiscal Forum
Read moreThe Committee for a Responsible Federal Budget today applauded the launch of the Bipartisan Fiscal Forum (BFF), co-chaired by Reps. Scott Peters (D-CA...
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Treasury Reports $1.4 Trillion Deficit For First 9 Months of Fiscal Year 2023
Read moreThe United States borrowed $1.4 trillion in the first nine months of fiscal year 2023, including $228 billion in June, according to the latest Monthly...
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Mike Pence’s Proposal to Freeze Nondefense Discretionary Spending
Read moreRepublican presidential candidate Mike Pence recently proposed freezing nondefense discretionary (NDD) spending, which we estimate could save between...
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CBO Estimates $1.4 Trillion Deficit For First 9 Months of Fiscal Year
Read moreIn the first nine months of fiscal year 2023, the United States borrowed $1.4 trillion, with a $225 billion deficit in June, according to the latest...
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The Deficit Was $2.2 Trillion Over Past Year
Read moreThe federal budget deficit totaled $2.2 trillion over the past 12 months, up 64 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
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Interest Costs Will Grow the Fastest Over the Next 30 Years
Read moreAccording to the Congressional Budget Office’s (CBO) long-term baseline, federal spending as a percentage of Gross Domestic Product (GDP) will grow to...
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IRA Energy Provisions Could Cost Two-Thirds More Than Originally Estimated
Read moreAt the time of its passage, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) estimated that the Inflation Reduction Act...
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CBO: Social Security is Ten Years from Insolvency
Read moreThe Congressional Budget Office (CBO) recently published detailed long-term projections for Social Security that project the financial outlook for the...
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New Poll Finds Widespread Support for Creation of a Bipartisan Fiscal Commission
Read moreA recent poll released by the Peter G. Peterson Foundation shows that a strong majority of Americans are increasingly concerned with the national debt...
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Chartbook: The Fiscal Outlook After the Debt Limit Deal
Read moreThe recently-enacted Fiscal Responsibility Act (FRA) is the largest deficit reduction package in nearly a dozen years and an important step forward...
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CRFB Reaction to Supreme Court Student Debt Cancellation Ruling
Read moreThe Supreme Court ruled today that the Administration’s student debt cancellation plan is illegal and will not be allowed to go forward. The following...