Committee for a Responsible Federal Budget2h
Reversing Biden Executive Actions Could Save up to $1.4 Trillion
Through either legislation or new executive action, we find the incoming Administration and Congress could save up to $1.4 trillion, or up to $830 billion if certain rules are withdrawn and/or the ...
Committee for a Responsible Federal Budget1d
There Are Plenty of Offsets for Tax Cut Extensions
The Committee for a Responsible Federal Budget identified $700 billion of offsets ranging from limiting executive spending authority, reducing health care spending, cutting other mandatory spending, ...
Committee for a Responsible Federal Budget7d
Student Loans Cost $340 Billion More than Expected
Based in part on new data from the Congressional Budget Office, this piece shows: The estimated federal cost of student loans ...
Committee for a Responsible Federal Budget3d
Gross National Debt Reaches $36 Trillion
The gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the end of July, according to the U.S. Treasury.
Committee for a Responsible Federal Budget13d
As the Fed Cuts Rates, Treasury Yields Are Rising
As expected, yields on short-term Treasury bills fell in kind, with the 3-month yield dropping from 4.87 percent on September ...
Committee for a Responsible Federal Budget6d
Interest Costs Have Nearly Tripled Since 2020
The recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interes ...
Committee for a Responsible Federal Budget8d
College Cost Reduction Act Could Now Save $250-$280 Billion
In January, the House Education and Workforce Committee reported out the College Cost Reduction Act (CCRA), which would make several changes to the student loan and Pell Grant programs for a savings ...
Committee for a Responsible Federal Budget12d
$700 Billion of Easy Deficit Reduction
The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's Monthly Budget Review. The rolling deficit is $188 ...
Committee for a Responsible Federal Budget4d
You Can’t Just Wish Away Deficit Effects by Assuming Something is Permanent
With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the ...
Committee for a Responsible Federal Budget4d
Congress Should Avoid a Costly End-of-Year Package
With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the ...
Committee for a Responsible Federal Budget5d
Marc Goldwein: Solutions: Biden still has time to nudge the federal budget closer to sanity
Marc Goldwin is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He wrote an opinion piece for the Los Angeles Times, an excerpt of which is below.
Committee for a Responsible Federal Budget7d
Budget Reconciliation Should Be Used to Reduce the Debt, Not Add to It
Congress is preparing to use budget reconciliation to fast-track consideration of a number of new policies, including, according to ...