Committee for a Responsible Federal Budget6d
FY 2024 Ends with $1.8 Trillion Deficit
The U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing ...
Committee for a Responsible Federal Budget3d
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 ...
Committee for a Responsible Federal Budget10d
Medicare Framework Calls for Important Site-Neutral Reforms
Site-neutral reforms represent an important intersection of sound fiscal policy, lower costs for Medicare beneficiaries, and bipartisan support to help drive momentum. Lawmakers should build upon this ...
Committee for a Responsible Federal Budget17d
Bipartisan Senate Group Introduces the RESILIENCE Act
The RESILIENCE Act would mandate that the Secretary of the Treasury work with the Director of the Office of Management and Budget (OMB) to complete annual assessments of the government’s fiscal ...
Committee for a Responsible Federal Budget22d
What Would the Trump Campaign Plans Mean for Social Security?
The Social Security trust funds will be insolvent by Fiscal Year (FY) 2034, according to projections by the Congressional Budget Office (CBO), at which point the law calls for a 23 percent cut in ...
Committee for a Responsible Federal Budget26d
Q: Did Trump Propose Deep Medicare Cuts? A: No
In a recent report, “The Trump-Vance ‘Concept’ on Health Care,” Vice President Kamala Harris’s presidential campaign claims that former President Donald Trump proposed “deep cuts to Medicare and ...
Committee for a Responsible Federal Budget25d
Fiscal Year 2024 Ends with $1.8 Trillion Deficit
The U.S. Treasury Department today released the final Monthly Treasury Statement for Fiscal Year (FY) 2024, confirming the budget deficit totaled $1.8 trillion. The following is a statement from Maya ...
Committee for a Responsible Federal Budget19d
IRS Estimates a $606 Billion Tax Gap for 2022
The Internal Revenue Service (IRS) recently published its projections of the “tax gap” – the difference between taxes owed to and collected by the federal government annually – for tax year 2022, as ...
Committee for a Responsible Federal Budget18d
The Impact of the Trump and Harris Plans on Spending and Revenue
In our recent analysis, The Fiscal Impact of the Harris and Trump Campaign Plans, we found that the campaign policy plans from both Vice President Kamala Harris and former President Donald Trump would ...
Committee for a Responsible Federal Budget26d
Chartbook: The Fiscal Impact of the Harris and Trump Campaign Plans
On October 16, Marc Goldwein, senior vice president and senior policy director of the Committee for a Responsible Federal Budget, gave a presentation featuring the findings of our paper, The Fiscal ...
Committee for a Responsible Federal Budget18d
Proposed Hardship Rule a Brazen Attempt at Student Debt Cancellation
Today the Department of Education officially proposed regulations related to cancelling student debt due to “hardship.” It contains two provisions, one that cancels debt for those that the Department ...