Committee for a Responsible Federal Budget

Press Releases

Feb 15, 2022 | Taxes

Gas Tax Holiday Would Take A Wrong Turn

The White House and some in Congress are ...
Feb 8, 2022 | Budget Process

Third CR Emblematic of Broken Budget Process

The House of Representatives just passed a continuing resolution (CR) funding the government at last fiscal year’s funding levels for an...
Feb 8, 2022 | Budgets & Projections

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,...
Feb 3, 2022 | Other Spending

COMPETES Act is Missing a Score and Offsets

The House of Representatives is set to vote on the America COMPETES Act of 2022 soon, which is its version of the Senate-passed ...
Jan 11, 2022 | Other Spending

New COVID Wave Does Not Justify Further Borrowing

As the Omicron variant of COVID-19 continues to spread through the United States, ...
Jan 10, 2022 | Budgets & Projections

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...
Dec 16, 2021 | Budget Process

Statement on $2.5 Trillion Debt Ceiling Increase

Today, President Biden signed into law a $2.5 trillion increase in the ceiling on federal debt. This increase will raise the total debt ceiling...
Dec 10, 2021 | Budgets & Projections

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...
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December Sequester Suspension Misses the Mark

For Immediate Release Congress is considering...