Committee for a Responsible Federal Budget

Budgets & Projections

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How Would Higher Interest Rates Affect Interest Payments?

Interest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional Budget...

CBO Reports $259 Billion Deficit for First 4 Months of Fiscal Year

The United States borrowed $259 billion in the first four months of fiscal year 2022, with a $119 billion surplus in January, according to the latest...

A Smaller Reconciliation Bill Should Retain Offsets

Policymakers are currently considering if and how to develop new legislation, in place of the House Build Back Better Act, under the reconciliation...

The Case for Restoring Discretionary Spending Caps

On February 18, 2022, the current continuing resolution will expire, and legislation will be needed to continue funding the federal government...

U.S. Borrowed $2.6 Trillion in Calendar Year 2021

The United States borrowed nearly $2.6 trillion in calendar year 2021, including $20 billion in December , according to the latest Monthly Budget...

Our Top 21 Fiscal Charts of 2021

2021 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year...

CBO Scores the Build Back Better Act

The Congressional Budget Office (CBO) has released cost estimates for every title of the House-passed Build Back Better Act (H.R. 5376) . Without...

CBO Estimates a Permanent Build Back Better

The Congressional Budget Office (CBO) today released an estimate of how much it would cost to make most temporary provisions in the House-passed...

CBO Analysis Highlights Risk of Arbitrary Expirations

The House-passed Build Back Better Act incorporates numerous arbitrary sunsets in order to hold down its costs. Today, the Congressional Budget...