Committee for a Responsible Federal Budget13h
You Can’t Just Wish Away Deficit Effects by Assuming Something is Permanent
With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the ...
Committee for a Responsible Federal Budget13h
Congress Should Avoid a Costly End-of-Year Package
With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the ...
Committee for a Responsible Federal Budget2d
Student Loans Cost $340 Billion More than Expected
Based in part on new data from the Congressional Budget Office, this piece shows: The estimated federal cost of student loans ...
Committee for a Responsible Federal Budget1d
Interest Costs Have Nearly Tripled Since 2020
The recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interes ...
Committee for a Responsible Federal Budget1d
Marc Goldwein: Solutions: Biden still has time to nudge the federal budget closer to sanity
Marc Goldwin is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He wrote an opinion piece for the Los Angeles Times, an excerpt of which is below.
Committee for a Responsible Federal Budget7d
$700 Billion of Easy Deficit Reduction
The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's Monthly Budget Review. The rolling deficit is $188 ...
Committee for a Responsible Federal Budget9d
As the Fed Cuts Rates, Treasury Yields Are Rising
As expected, yields on short-term Treasury bills fell in kind, with the 3-month yield dropping from 4.87 percent on September ...
Committee for a Responsible Federal Budget2d
Budget Reconciliation Should Be Used to Reduce the Debt, Not Add to It
Congress is preparing to use budget reconciliation to fast-track consideration of a number of new policies, including, according to ...
Committee for a Responsible Federal Budget9d
Repealing WEP/GPO Would Raise Deficits, Weaken Social Security
The House of Representatives will soon vote on the Social Security Fairness Act, legislation which would repeal Social Security’s Windfall Elimination Provision (WEP) and Government Pension Off ...
Committee for a Responsible Federal Budget13d
12-Month Rolling Deficit Totals $2.0 Trillion in October 2024
The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the ...
Committee for a Responsible Federal Budget3d
College Cost Reduction Act Could Now Save $250-$280 Billion
In January, the House Education and Workforce Committee reported out the College Cost Reduction Act (CCRA), which would make several changes to the student loan and Pell Grant programs for a savings ...
Committee for a Responsible Federal Budget13d
CBO Estimates $255 Billion Deficit for First Month of Fiscal Year 2025
The United States borrowed $255 billion in the first month of fiscal year 2025, according to the latest Monthly Budget ...