Committee for a Responsible Federal Budget6m
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 Budget23h
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 ...
Committee for a Responsible Federal Budget1d
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 Budget2d
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 Budget2d
Reconciliation 101
Reconciliation is a special legislative process created as part of the Budget Act of 1974. It is intended to help lawmakers make the tax and mandatory spending changes necessary to meet the levels ...
Committee for a Responsible Federal Budget5d
CRFB Statement on Department of Government Efficiency
Regardless of political views, we should all want the federal government to spend scarce dollars wisely. An aggressive effort to reduce waste, fraud, abuse, and inefficiencies could save billions or ...
Committee for a Responsible Federal Budget5d
$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 Budget7d
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 Budget7d
Repealing WEP/GPO Would Raise Deficits, Weaken Social Security
The House of Representatives will soon vote on the Social Security Fairness Act, legislation which would repeal Social Security’s Windfall Elimination Provision (WEP) and Government Pension Off ...