Latest
-
Maya MacGuineas on CNBC's "Power Lunch"
Read moreCommittee president Maya MacGuineas recently appeared on CNBC's "Power Lunch" to discuss waste, fraud, and abuse in the federal budget, efforts to...
-
House Budget Allows for Too Much Debt
Read moreThe House Budget Committee reported out a Fiscal Year 2025 budget resolution last week that would facilitate reconciliation legislation permitting $2...
-
House Reconciliation Instructions Sets Stage for Way Too Much Borrowing
Read moreThe House Budget Committee released a proposed budget resolution for Fiscal Year (FY) 2025 today. The budget resolution includes reconciliation...
-
Reforming the Debt Ceiling
Read moreThe debt ceiling was reinstated on January 2, 2025. Lawmakers should lift it as soon as possible rather than relying on extraordinary measures and...
-
Responsible Budgeting Act Reintroduced in the House
Read moreOn February 6, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, along with Representatives...
-
Taking a Closer Look at the House Budget’s Reconciliation Instructions
Read moreNote (2/19/2025): The below analysis was written before the committee marked up the resolution and added a requirement for an additional $500 billion...
-
12-Month Rolling Deficit is $2.1 Trillion in January 2025
Read moreThe 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from...
-
Budget Resolutions Should Set Up Deficit Reducing Reconciliation
Read moreThe Senate Budget Committee has scheduled a markup for tomorrow of their recently released proposed budget resolution for Fiscal Year (FY) 2025...
-
David Stockman: Trump’s $30 trillion Debt Disaster
Read moreDavid Stockman is a board member of the Committee for a Responsible Federal Budget, former director of the Office of Management and Budget, and former...
-
CBO Estimates $838 Billion Deficit for First Four Months of FY 2025
Read moreThe United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according...
-
CBO's Revenue Savings Options
Read moreThe Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of options to reduce the deficit. We...
-
$3 Trillion of Dynamic Feedback is Fantasy Math
Read moreAccording to a recent press report, the House may try to claim $3 trillion of deficit reduction as a result of “assumed economic growth from tax cuts”...