3 days ago · The Committee for a Responsible Federal Budget is a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact.

2025-02-04-The 119th Congress is expected to use the. The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA). To ensure that the public has current and accurate information, the Committee for a Responsible Federal …

About Us The Committee for a Responsible Federal Budget is a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact. Our bipartisan leadership comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of Management and ...

Jan 24, 2025 · A fiscally responsible budget resolution should abide by the following principles: Set a meaningful fiscal goal with a plan to meet that goal The fiscal goal should, at a minimum, put debt on a downward path as a share of the economy over the ten-year window and beyond. Set out a plan to meet that ...

Jan 17, 2025 · Changes in the Budget Outlook. Deficit projections are lower by nearly $1.0 trillion over the FY 2025 to 2034 window relative to CBO’s June 2024 baseline due primarily to economic and technical changes. Debt was projected to reach 122 percent of GDP by 2034 last June, and it is now projected to reach 117 percent of GDP by 2034.

Budget Offsets Bank 2025-01-08 With the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and major trust funds approaching insolvency, policymakers will need to enact policies to reduce deficits and/or pay for new spending or tax cuts. To help policymakers achieve deficit …

Dec 5, 2024 · Papers View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.

Mar 11, 2024 · CRFB Reacts to the President’s FY 2025 Budget 2024-03-11 President Biden released his Fiscal Year 2025 budget request today, including a number of tax and spending proposals and a roadmap for the country’s finances over the next decade.

Jan 28, 2025 · Several times a year, the non-partisan Congressional Budget Office (CBO) releases its “baseline” projections of future spending, revenue, deficits, and debt. In addition, the President and Congress each release their own medium-term tax and spending plans.

Board Members The Committee’s Board comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of Management and Budget, and the Government Accountability Office. This website and its content reflect the position of the Committee for a Responsible Federal Budget and not those of ...