Committee for a Responsible Federal Budget

Budgets & Projections

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Treasury Shows Record Borrowing

The Department of Treasury released its final Monthly Treasury Statement for fiscal year 2020, showing deficits totaled a record $3.1 trillion and...

The National Debt is Now Larger than the Economy

The Congressional Budget Office published its September monthly budget review today, which estimates deficits totaled a record $3.1 trillion in...

The Cost of the Trump and Biden Campaign Plans

Whoever is inaugurated on January 20, 2021, will face many fiscal challenges over his term. Under current law, trillion-dollar annual budget deficits...

Maya MacGuineas: The debt is huge because Trump kept his promises

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an...

Analysis of CBO's 2020 Long-Term Budget Outlook

Today, the Congressional Budget Office (CBO) released its 2020 Long-Term Budget Outlook , which shows the federal budget is on an unsustainable long...

CBO Releases 2020 Long-Term Budget Outlook

The Congressional Budget Office (CBO) just released its 2020 Long-Term Budget Outlook , showing the federal budget is on an unsustainable long-term...

The Long-Term Debt Outlook is Unsustainable

For Immediate Release The Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which warns that our current high levels of...

CBO Projects Major Trust Fund Exhaustions on the Horizon

A number of important federal programs — including Social Security and Medicare — are financed through dedicated revenue sources and managed through...

Comparing President Trump’s Record to His 2016 Agenda

During the 2016 campaign, US Budget Watch estimated that then-candidate Donald Trump’s proposed agenda would add $4.6 trillion to budget deficits...