News

Committee for a Responsible Federal Budget5d
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 Budget6dOpinion
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 Budget6d
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 Budget13d
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 Budget12d
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 Budget8d
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 Budget13d
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 this the concurrent budget resolution for FY 2 ...
Opinion
Committee for a Responsible Federal Budget8dOpinion
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 Budget12d
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 Budget8d
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 Budget9d
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 ...
Committee for a Responsible Federal Budget7d
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 ...