News

Committee for a Responsible Federal Budget1d
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 ...
Committee for a Responsible Federal Budget8dOpinion
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 ...
Opinion
Committee for a Responsible Federal Budget2dOpinion
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 Budget9d
What’s in the Senate’s Concurrent FY 2025 Budget?
The Senate adopted the budget described below on April 5, 2025, and the House adopted the budget on April 10, 2025, making ...
Committee for a Responsible Federal Budget2d
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 Budget4d
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
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 ...
Committee for a Responsible Federal Budget4d
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 Budget12d
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 Budget4d
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 Budget9d
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 Budget4d
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 ...