Committee for a Responsible Federal Budget

Press Releases |

Dec 1, 2020 | Budgets & Projections

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...
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Nov 9, 2020 | Budgets & Projections

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...
Oct 21, 2020 | Budgets & Projections

Committee for a Responsible Federal Budget Commends Problem Solvers Caucus Budget Principles

The bipartisan Problem Solvers Caucus has approved a set of principles for addressing the national debt once we have moved past the immediate health...
Oct 16, 2020 | Budgets & Projections

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...
Oct 8, 2020 | Budgets & Projections

The National Debt is Now Larger than the Economy

For Immediate Release The Congressional Budget Office published its September monthly budget review today, which estimates deficits totaled a record...
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Sep 29, 2020 | Other Spending

Presidential Candidates Ought to Share Their Plans for the Debt

For Immediate Release The first of three presidential debates will take place tonight, with much of the focus on near-term issues such as the COVID-...
Sep 21, 2020 | Budgets & Projections

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...
Sep 15, 2020 | Budget Process

Congress Must Reach Quick, Reasonable Funding Deal

For Immediate Release With government funding set to expire at the end of this month, lawmakers are negotiating to avert a potential shutdown in the...
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Sep 8, 2020 | Budgets & Projections

CBO Reports $198 Billion Deficit for August, Pushing FY 2020 Total to $3 Trillion

For Immediate Release The United States' budget deficit for the month of August was $198 billion, according to the Congressional Budget Office. The...
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Sep 1, 2020 | Budgets & Projections

CBO’s Post-COVID Budget Baseline Reveals Magnitude of Future Fiscal Challenge

For Immediate Release The Congressional Budget Office (CBO) released its first post-COVID Budget and Economic Outlook for the next decade...

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