Latest
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Analysis of CBO’s Updated Budget and Economic Outlook (August 2019)
Today, the Congressional Budget Office (CBO) released its updated Budget and Economic Outlook, showing that the national debt is on an unsustainable...
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Budget Deal Made Bad Situation Worse
For Immediate Release The Congressional Budget Office released a new update Wednesday to its Budget and Economic Outlook: 2019 to 2029, the first...
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New CBO Budget Projections Show Toll of Budget-Busting Legislation
The Congressional Budget Office (CBO) just released its latest baseline, projecting high and rising debt made worse by recent legislation. CBO...
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How Much Would a Payroll Tax Holiday Cost?
Update 8/20/19: While speaking in the Oval Office, President Trump confirmed that a payroll tax cut and indexing capital gains were under discussion...
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Where Does the Budget Stand Compared to Historical Averages?
Recently, there has been a lot of discussion over whether the country has a revenue problem or a spending problem. While there is no way to...
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Letter to Finance Committee: Thank You For Working to Reduce Health Costs
Below is a letter sent today from Committee for a Responsible Federal Budget president Maya MacGuineas to leaders of the Senate Finance Committee...
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Congress Should Move Forward on Budget Process Reform
For Immediate Release Last week, Senate Budget Committee Chairman Mike Enzi (R-WY) released a series of discussion drafts with proposals to reform the...
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Senate Finance Prescription Drug Bill Would Reduce Deficits by $100 Billion
The Senate Finance Committee recently approved by a 19-9 vote a prescription drug bill, the Prescription Drug Pricing Reduction Act, that the...
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Was a "No" Vote on the Budget Deal a Vote for "More Spending"?
In support of the $1.7 trillion Bipartisan Budget Act of 2019 (BBA19), Senator David Perdue (R-GA) gave a floor speech and penned an op-ed arguing...
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Budget Bill Caps Shameful Period of Fiscal Recklessness
For Immediate Release The Senate passed a budget agreement Thursday to suspend the debt ceiling and raise discretionary spending caps for two years...
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Even With Lower Interest Rates, Debt Remains Unsustainable
With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain lower than...
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Recent Fiscal Irresponsibility Will Double Deficits
As deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the past...