News

Committee for a Responsible Federal Budget1d
Deficits Could Reach $3.5T With Senate Instructions
The concurrent budget resolution for Fiscal Year (FY) 2025, adopted by the House last week and the Senate the week prior, ...
Committee for a Responsible Federal Budget6d
Senate Instructions Could Add $1.1T in Interest Costs
Congress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that a ...
Opinion
Committee for a Responsible Federal Budget7dOpinion
CRFB Reaction to Budget Resolution Adoption
The House of Representatives just voted to adopt the Senate-amended Fiscal Year (FY) 2025 concurrent budget resolution, making it a concurrent resolution that unlocks fast-track reconciliation ...
Committee for a Responsible Federal Budget13d
Senate Budget Could Enable Unprecedented Deficit Increase
The Senate reconciliation instructions cover deficit changes from FY 2025 through 2034, though few spending or tax changes would take place before 2026. Over the nine-year period from 2026-2034, a ...
Committee for a Responsible Federal Budget7d
Treasury Confirms Borrowing $41 Billion Above First 3 Months of 2024
The United States borrowed $596 billion from January through March 2025 – up $41 billion from January through March 2024, according to the latest Monthly Treasury Statement from the Treasury De ...
Committee for a Responsible Federal Budget9d
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 Budget9d
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 Budget10d
How Much Will Trump’s New Tariffs Raise?
In total, we estimate that the average weighted tariff rate on imports will rise to roughly 21 percent, much higher than the world’s average tariff rate of about 5 percent on U.S. goods. Over time, we ...
Opinion
Committee for a Responsible Federal Budget9dOpinion
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 a $4 to $5 trillion debt limit increase. Historically, debt ceiling ...
Committee for a Responsible Federal Budget13d
The Senate Abandons All Semblance of Fiscal Responsibility
The Senate is expected to vote tomorrow morning on its Fiscal Year (FY) 2025 concurrent budget resolution following the “vote-a-rama” series of amendments.
Committee for a Responsible Federal Budget9d
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 ...
Committee for a Responsible Federal Budget8d
Event Recap: Third Annual Health Solutions Summit
On April 3 rd, the Committee for a Responsible Federal Budget hosted its Third Annual Health Solutions Summit at the Royal Sonesta, Capitol Hill. The Summit gathers experts in the health policy space ...