Budgets & Projections
Latest
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CBO Projects Possible Debt Spiral, as R Exceeds G
Read moreThe U.S. national debt has long been on an unsustainable path. Nonetheless, for most of the 20th century, debt sustainability has been bolstered by...
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Bipartisan Momentum Builds for the Fiscal Contingency Preparedness Act
Read moreUpdated on 3/4/26 to reflect additional support. The Fiscal Contingency Preparedness Act (FCPA), introduced last year by Representatives Ben Cline (R...
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Debt Rises to 175% of GDP Under CBO’s Long-Term Outlook
Read moreThe national debt will rise to 175% of Gross Domestic Product (GDP) by 2056 – or $168 trillion – according to the Congressional Budget Office's (CBO)...
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Trump CEA Projections Tracker
Read moreBefore the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) released economic and fiscal...
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Fiscal Contingency Preparedness Act (FCPA) Frequently Asked Questions
Read moreAmid the growing bipartisan interest in the Fiscal Contingency Preparedness Act (FCPA), below are some frequently asked questions and answers about...
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Net Interest Costs Will Double, Again, Over the Next Decade
Read moreNet interest on the national debt, the fastest growing part of the budget, is projected to more than double from $970 billion in Fiscal Year (FY) 2025...
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CRFB Statement on Treasury Secretary’s Comments
Read moreYesterday, on Fox News’s “ Sunday Morning Futures ,” host Maria Bartiromo cited Committee for a Responsible Federal Budget (CRFB) estimates that the...
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$10 Trillion to Get to 3% and Other Fiscal Goals
Read moreDeficits would need to be reduced by $9.5 trillion over the next decade to stabilize debt at 100% of Gross Domestic Product (GDP). Roughly $10...
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Broad, Bipartisan Support for a 3% Deficit Target
Read moreUpdated February 25, 2026, to reflect additional support. Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA), co-chairs of the Bipartisan...
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CRFB Reacts to Supreme Court Tariff Ruling
Read moreThe Supreme Court has upheld lower court decisions in striking down a wide swath of President Trump’s tariffs on grounds that he exceeded his legal...
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Debt Could Reach 131% of GDP Under an Alternative Scenario
Read moreUnder the Congressional Budget Office's (CBO) new February 2026 baseline, deficits will total $26 trillion – about 6.1% of Gross Domestic Product (GDP...
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Chartbook: The February 2026 CBO Baseline: What It Says (and What It Means)
Read moreOn February 18, 2026, Chris Towner, policy director of the Committee for a Responsible Federal Budget, gave a presentation on the February 2026...