Latest
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CBO Estimates TCJA Extensions Could Cost Up to $2.7 Trillion
Read moreThe Congressional Budget Office's (CBO) latest baseline spells out what the federal budget will look like under current law, but also estimates the...
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Senate Retirement Bill Would Cost $84 Billion Without Gimmicks
Read moreThe Senate Finance Committee recently advanced the Enhancing American Retirement Now (EARN) Act, a bill designed to encourage private retirement...
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Appropriations 101
Read moreThis paper has been updated here. What are appropriations? How does Congress determine the total level of appropriations? How does Congress allocate...
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Appropriations Watch: FY 2022
Read moreUpdated 7/5/22: For news on the appropriations process for the upcoming fiscal year, please see Appropriations Watch: FY 2023. The Senate passed a...
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Fight Inflation by Lowering Deficits, Not Boosting Them
Read moreYesterday, President Biden told reporters the Administration was nearing decisions on whether to cancel student debt by executive order and whether to...
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Representatives Lee and Pocan Introduce Defense Spending Cuts Legislation
Read moreEarlier this week, Defense Spending Reduction Caucus Co-Chairs Congresswoman Barbara Lee (D-CA) and Congressman Mark Pocan (D-WI) introduced the...
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Fix the Debt Awards 2022 Fiscal Heroes
Read moreToday Fix the Debt, a project of the Committee for a Responsible Federal Budget, is pleased to announce and honor a new class of Fiscal Heroes for...
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Presentation: Can Carbon Taxes Fund Climate Investments?
Read moreOn June 13, 2022, Marc Goldwein of the Committee for a Responsible Federal Budget gave a presentation to attendees of the 2022 Citizens’ Climate Lobby...
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Reaching Fiscal Goals Under the Latest Baseline
Read moreThe Congressional Budget Office’s (CBO) latest baseline projects that federal debt held by the public will rise to a record 110 percent of Gross...
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Ten Options to Secure the Medicare Trust Fund
Read moreNote: The first paragraph and the table have been updated from the original version to reflect the 2022 Medicare Trustees' Report and the May 2022 CBO...
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CBO Baseline Shows Troubling Long-Term Outlook
Read moreThe Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
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92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
Read moreAccording to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...