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CRFB Statement on the Passing of Alan K. Simpson
Read moreAlan K. Simpson, a former Senator from Wyoming and a Member of the Committee for a Responsible Federal Budget, died Friday at the age of 93. The...
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A $2 Trillion Cut Compared to $86 Trillion in Spending
Read moreThe House-adopted Fiscal Year (FY) 2025 budget resolution calls for up to $2 trillion in spending cuts as partial offsets for $4.8 trillion of tax...
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Treasury: $1.1 Trillion Deficit in First Five Months of Fiscal Year 2025
Read moreThe United States borrowed $1.1 trillion in the first five months of fiscal year 2025, including $307 billion in February, according to the latest...
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CR Rightly Avoids Shutdown But Reflects Broken Budget Process
Read moreThe House of Representatives will soon vote on a full-year continuing resolution (CR) for Fiscal Year (FY) 2025. The bill would keep the government...
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Putting the Reconciliation Resolution in Context
Read moreThe House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...
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What's in the House's Full-Year Continuing Resolution?
Read moreUpdate (3/13/2025): This piece has been updated to include an estimate of the Changes in Mandatory Programs (CHIMPs) without outlay savings, which...
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12-Month Rolling Deficit Rises to $2.2 Trillion in February 2025
Read moreThe federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the Congressional Budget Office (CBO)...
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CBO Estimates $1.1 Trillion Deficit for First Five Months of FY 2025
Read moreThe United States borrowed $1.1 trillion in the first five months of Fiscal Year (FY) 2025, including $308 billion in the month of February, according...
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House Spending Cuts Would Not Be Largest in History
Read moreThe House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net $2.8 trillion of...
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Maya MacGuineas on Fox Business’s “Mornings with Maria”
Read moreCommittee president Maya MacGuineas recently appeared on Fox Business’s “Mornings with Maria” to discuss the House continuing resolution (CR), the...
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Potential Savings from Shrinking the Federal Workforce
Read moreThe Trump Administration has called for significant reductions to the federal workforce and has begun the process by laying off a number of federal...
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New Estimates Confirm Economic Growth Won’t Pay for Tax Cuts
Read moreThe latest estimates from third-party modelers confirm what we’ve said several times before: economic growth will not pay for tax cut extensions. New...