Committee for a Responsible Federal Budget
5 days ago · The Committee for a Responsible Federal Budget is a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact.
FY 2025 Reconciliation Resources-2024-12-23 - crfb.org
Nov 26, 2024 · The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA). To ensure that the public has current and accurate information, the Committee for a Responsible Federal Budget has been publishing various resources related to reconciliation and the possible ...
Lawmakers Add $380 Billion to the Debt in the Final Hours of 2024
Dec 23, 2024 · With the passage of the Social Security Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt in calendar year 2024 – a reversal from 2023’s $1.3 trillion in net ten-year debt reduction. CRFB’s Debt Thermometer for 2024 (below) has been ...
Top 13 Fiscal Charts of 2024-2024-12-31 - crfb.org
6 days ago · 3. Deficits Are High and Rising. The deficit in Fiscal Year (FY) 2024 totaled $1.8 trillion, almost double the pre-pandemic deficit of $984 billion in FY 2019.Over the next few years, deficits are projected to remain slightly below $2 trillion before rising to $2.2 trillion in FY 2030, $2.5 trillion in FY 2032, and $2.9 trillion by FY 2034. As a …
CRFB's Realistic Baseline - Committee for a Responsible Federal …
CRFB's Realistic Baseline In May, CBO released an update to its Budget and Economic Outlook, showing cumulative deficits from 2014 to 2023 of $6.3 trillion and debt reaching 73.6 percent of GDP in 2023. We have also updated our Realistic Baseline, which incorporates the fiscal effect of policies that are more likely to occur. These policies include:
About Us - Committee for a Responsible Federal Budget
About Us The Committee for a Responsible Federal Budget is a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact. Our bipartisan leadership comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of Management and ...
Appropriations - Committee for a Responsible Federal Budget
Dec 23, 2024 · Find the latest analysis and findings on appropriations from the Committee for a Responsible Federal Budget.
Papers - Committee for a Responsible Federal Budget
Nov 18, 2024 · It was a busy year for fiscal policy in 2024, with a big focus on the presidential election. In addition to releasing a few major papers, we also wrote our usual analyses of major budget reports and...
Latest | Committee for a Responsible Federal Budget
Dec 20, 2024 · Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the Washington Examiner , an...
CRFB Reacts to the President’s FY 2025 Budget
Mar 11, 2024 · CRFB Reacts to the President’s FY 2025 Budget 2024-03-11 President Biden released his Fiscal Year 2025 budget request today, including a number of tax and spending proposals and a roadmap for the country’s finances over the next decade.