Committee for a Responsible Federal Budget

Debt & Deficits

New Budget Projections Show Record Deficits and Debt

Now that the American Rescue Plan Act has been signed into law, the federal deficit is on course to exceed $3 trillion this year, with debt reaching...

How High Are Federal Interest Payments?

This year, the federal government will spend $300 billion on interest payments on the national debt.
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Analysis of CBO's March 2021 Long-Term Budget Outlook

Today, the Congressional Budget Office (CBO) released its March 2021 Long-Term Budget Outlook, confirming that the federal budget is on an...

CBO Releases New Long-Term Budget Projections

The Congressional Budget Office (CBO) released a new set of long-term budget projections&n

Analysis of CBO's February 2021 Budget and Economic Outlook

Today, the Congressional Budget Office (CBO) released its February 2021 Budget and Economic Outlook, confirming that, despite improvements as a...
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CBO Releases New 10-Year Budget Projections

The Congressional Budget Office (CBO) just released its February 2021 Budget and Economic Outlook
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Biden Campaign Plan Offers Menu of Offsets

With Democratic majorities in the House and Senate, President Joe Biden has taken office with a real opportunity to advance new spending

Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners

In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping...

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