Members of the Trump Administration and Congress have recently discussed the idea of waiving all taxes for those making less than $150,000 per year, possibly after the budget is brought into balance.

Now that the House and Senate have adopted separate budget resolutions with reconciliation instructions, lawmakers are discussing what to include in a forthcoming reconciliation package ( ...

The Committee for a Responsible Federal Budget is honored to announce that former Senators Mitt Romney (R-UT) and Joe Manchin (I-WV) have joined its Board of Directors, which is comprised of ma ...

As we noted before, this $2 trillion spending cut – $1.7 trillion net of the spending increases – would not be the largest ...

The federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the ...

Alan K. Simpson, a former Senator from Wyoming and a Member of the Committee for a Responsible Federal Budget, died Friday at the age of 93.

This piece has been updated to include an estimate of the Changes in Mandatory Programs (CHIMPs) without outlay savings, which result in the net effect of the bill to in ...

The House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through ...

The United States borrowed $1.1 trillion in the first five months of fiscal year 2025, including $307 billion in February, according to the latest ...

The United States borrowed $1.1 trillion in the first five months of Fiscal Year (FY) 2025, including $308 billion in the month of February, according to the latest ...

As Congress continues to discuss a compromise budget resolution between the House and Senate, setting the stage for reconciliation, the choice of baseline for the eventual reconciliation bill is on ...

The House of Representatives will soon vote on a full-year continuing resolution (CR) for Fiscal Year (FY) 2025.