Committee for a Responsible Federal Budget

Budgets & Projections

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Policymakers Shouldn't Attach More Borrowing to a Debt Ceiling Increase

The debt ceiling , or the statutory limit on the total amount of debt the federal government can accrue, is set to come back on August 1 after being...

Bipartisan Infrastructure Act a Good Start, But Needs More Pay-Fors

Today, negotiators announced a final legislative package on their $550 billion Bipartisan Infrastructure Deal and presented details of that agreement...

Trust Fund Solutions Would Be Pro-Growth

In our recent paper “ The Case for Trust Fund Solutions ,” we showed that making the Social Security, Medicare, and highway trust funds solvent would...

Q&A: Everything You Should Know About the Debt Ceiling

The federal debt ceiling will be reinstated on August 1, 2021, at around $28.5 trillion . At that point, the Treasury Department will begin using...

Five Reasons to Pay for New Investments

Congress and the Administration are currently negotiating and developing legislation to invest in physical infrastructure, education, and other areas...

True Cost of Budget Plan Could Exceed $5 Trillion

The Senate may soon move forward on reconciliation instructions to allow for the enactment of $3.5 trillion in new spending and tax breaks (on top of...

Fully Paid for Must Mean Fully Paid For

For Immediate Release Senate Budget Committee Democrats have apparently reached an agreement to pursue $3.5 trillion of new spending and tax breaks...

CBO Reports $173 Billion Deficit for June

For Immediate Release The United States borrowed over $2.2 trillion in the first nine months of fiscal year 2021, including $173 billion in June,...

Analysis of CBO's July 2021 Budget and Economic Outlook

Today, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook , accounting for enactment of the...