Committee for a Responsible Federal Budget1d
Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
The United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest ...
Committee for a Responsible Federal Budget3d
12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...
Committee for a Responsible Federal Budget2d
TCJA Extension Might Not Pay for Any of Itself
New data from the Congressional Budget Office (CBO) finds that economic feedback may not cover any of the revenue loss and that TCJA extension might even add more to the debt on a dynamic basis, ...
Committee for a Responsible Federal Budget2d
Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
Having passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing resolution that expires December 20th, at whic ...
Committee for a Responsible Federal Budget3d
CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according to the latest ...
Committee for a Responsible Federal Budget3d
FY 2025 Reconciliation Resources
In order for the reconciliation process to begin, the House and Senate must pass a concurrent budget resolution that includes a deficit reduction or cost target for relevant committees. Each committee ...
Committee for a Responsible Federal Budget6d
Budget 101: An Overview of the Federal Budget
On October 16 and 22, 2024, the Committee for a Responsible Federal Budget hosted Budget 101: An Intern’s Guide to the Federal Budget. Specifically created for interns, these briefings sought to ...