News

Committee for a Responsible Federal Budget16h
12-Month Rolling Deficit is $2.1 Trillion in March 2025
The federal government has borrowed $2.1 trillion over the past year – April 2024 to March 2025 – based on estimates from the ...
Committee for a Responsible Federal Budget16h
Unpaid-for TCJA Extension Would Shrink the Economy, CBO Says
In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...
Committee for a Responsible Federal Budget16hOpinion
Either Reconciliation Approach Would Raise Debt Ceiling With More Borrowing
The reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year (FY) 2025 would allow for ...
Committee for a Responsible Federal Budget16h
CBO Estimates Deficit Up $44 billion, Spending Up $140 billion in 2025
The Congressional Budget Office (CBO) estimates that the U.S. borrowed $599 billion from January through March 2025 – up $44 billion from January through March 2024. Federal spending, as measured by ...
Opinion
Committee for a Responsible Federal Budget16hOpinion
The House Should Hold the Line on Deficit Reduction
The House will reportedly bring the Senate’s Fiscal Year (FY) 2025 concurrent budget resolution to the floor for a vote this week.
Committee for a Responsible Federal Budget16h
Maya MacGuineas on Bloomberg TV's "Balance of Power"
Committee president Maya MacGuineas recently appeared on Bloomberg TV's "Balance of Power" with hosts Joe Mathieu and Kailey Leinz to discuss the Senate's budget resolution, its negative impact on ...