Apr 21, 2020 | Budgets & Projections
Debt Rises $1 Trillion Over One Month
The national debt has grown by more than $1 trillion over the past month, from $17.5 trillion on March 17th to $18.5 trillion on April 17th....
Press Releases
Apr 20, 2020 | Other Spending
COVID Money Tracker Launches to Enhance Transparency
Congress has already approved more than $2 trillion in fiscal measures to deal with the unprecedented economic and public health crisis caused by the...
Apr 18, 2020
Statement on the Passing of Paul O'Neill
Former Treasury Secretary and Committee for a Responsible Federal Budget board member Paul O’Neill died Saturday at the age of 84. The following is a...
Apr 15, 2020
Fiscal Fallout Contest Winners Announced
The Committee for a Responsible Federal Budget today confirmed the winners for its first ever Fiscal Fallout Contest. The competition launched in...
Apr 10, 2020 | Taxes
Phase IV COVID Relief Shouldn’t Be Tax Cuts 2.0
In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three pieces of legislation...
Don’t use COVID-19 to Excuse $2 trillion of Debt-Financed Infrastructure
For Immediate Release
Yesterday, President Trump suggested that the next phase of economic relief to offset the...
Mar 31, 2020 | Taxes
Weakening the SALT Cap Would Be a Wasteful Giveaway During a Crisis
With the economy reeling due to the coronavirus (COVID-19) pandemic, some Members of Congress are reportedly considering retroactively raising the $...
Mar 22, 2020 | Other Spending
Don’t Play Politics with the Coronavirus Response
For Immediate Release
Policymakers are currently drafting legislation to mitigate the economic damage caused by the...
Mar 19, 2020 | Budgets & Projections
New CBO Baseline Reaffirms Challenge of Coronavirus Response
The Congressional Budget Office (CBO) today released its updated budget projections. Although the new baseline doesn’t incorporate the anticipated...
Mar 11, 2020 | Budgets & Projections
Monthly Deficit Hits New Record
For Immediate Release
The United States ran a record-high budget deficit in February 2020. According to the...