Committee for a Responsible Federal Budget22h
How Much Did President Biden Add to the Debt?
Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 ...
Committee for a Responsible Federal Budget22h
What’s in the Senate’s Concurrent FY 2025 Budget?
The Senate Budget Committee unveiled its proposed concurrent Fiscal Year (FY) 2025 budget resolution yesterday, setting the ...
Committee for a Responsible Federal Budget1dOpinion
Rumored Senate Reconciliation Instructions Would Double Debt Growth
If the $5.8 trillion estimate is correct, it would not only be more than double the House budget's $2.8 trillion, but also ...
Opinion
Committee for a Responsible Federal Budget1dOpinion
CRFB Reacts to Senate Proposed Budget
If borrowing increases by as much as allowed under the reconciliation legislation, we estimate it would double the growth of debt as a share of Gross Domestic Product (GDP), with debt-to-GDP reaching ...
Opinion
Committee for a Responsible Federal Budget1dOpinion
Senate Should Not Undermine Budget Rules to Pass Tax Cuts
In developing a budget resolution, the Senate had considered adopting a “current policy baseline” to obscure nearly $4 trillion of borrowing over the next decade and to pave the way for up to $ ...
Committee for a Responsible Federal Budget2d
Fiscal Goals Become Very Difficult with Reconciliation Plans
It would take more than $7 trillion of ten-year savings to stabilize debt at the size of the economy by Fiscal Year (FY) 2034.
Committee for a Responsible Federal Budget3dOpinion
The House’s $2 Trillion in Spending Cuts Should Be an Absolute Minimum
The reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of ...
Committee for a Responsible Federal Budget3dOpinion
Debt Ceiling Needs to be Raised in Advance of X Date
Recent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, ...