Committee for a Responsible Federal Budget

Budgets & Projections

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2021 Deficit On Course to Hit $2.3 Trillion

In light of the enactment of the year-end spending and COVID relief deal, we estimate the deficit will total $2.3 trillion for Fiscal Year (FY) 2021...

Our Top 20 Charts of 2020

2020 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year...

Now's Not the Time to Raid the Pell Surplus

With 2020 college enrollment down as a result of the COVID-19 pandemic, the Pell Grant program may add more to its reserves than previously estimated...

Policymakers Must Not Ignore the Long-Term Debt Outlook

For Immediate Release Today, Larry Summers and Jason Furman released a new working paper, A Reconsideration of Fiscal Policy in the Era of Low...

CBO Confirms Debt Exceeded 100% of GDP for FY 2020

For Immediate Release The Congressional Budget Office today released an end-of-year summary report for fiscal year 2020 , which confirms that the...

Maya MacGuineas: The national debt still matters, despite low interest rates

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...

A Closer Look at the Record $3.1 Trillion Deficit in FY 2020

The Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2020, showing a record $3.1 trillion deficit for the year...

Maya MacGuineas: Trump and Biden must answer critical budget questions

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...

Problem Solvers Release Budget Principles

Earlier this week, the Congressional Problem Solvers Caucus , a bipartisan group of pragmatic representatives led by Reps. Josh Gottheimer (D-NJ) and...