Committee for a Responsible Federal Budget
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Press Releases

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Jun 1, 2020 | Budget Process

The Committee for a Responsible Federal Budget Hails Responsible Economic Leadership

A bipartisan group of 60 members of Congress – led by Reps. Scott Peters (D-CA) and Jodey Arrington (R-TX) – issued a letter today supporting...
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May 5, 2020 | Budgets & Projections

Treasury Will Borrow $3 Trillion in Just Three Months

The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in borrowing, as the...
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Apr 22, 2020 | Social Security

Trustees Detail Pre-COVID-19 Medicare, Social Security Insolvency Timeline

the Social Security trust funds in 15 years. After accounting for the sharp economic downturn caused by the pandemic, the trust funds are likely to...
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Apr 21, 2020 | Budgets & Projections

Debt Rises $1 Trillion Over One Month

The national debt has grown by more than $1 trillion over the past month, from $17.5 trillion on March 17th to $18.5 trillion on April 17th....
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Apr 20, 2020 | Other Spending

COVID Money Tracker Launches to Enhance Transparency

Congress has already approved more than $2 trillion in fiscal measures to deal with the unprecedented economic and public health crisis caused by the...
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Apr 18, 2020

Statement on the Passing of Paul O'Neill

Former Treasury Secretary and Committee for a Responsible Federal Budget board member Paul O’Neill died Saturday at the age of 84. The following is a...
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Apr 15, 2020

Fiscal Fallout Contest Winners Announced

The Committee for a Responsible Federal Budget today confirmed the winners for its first ever Fiscal Fallout Contest. The competition launched in...
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Apr 10, 2020 | Taxes

Phase IV COVID Relief Shouldn’t Be Tax Cuts 2.0

In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three pieces of legislation...
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Apr 1, 2020 | Other Spending| Economics

Don’t use COVID-19 to Excuse $2 trillion of Debt-Financed Infrastructure

For Immediate Release Yesterday, President Trump suggested that the next phase of economic relief to offset the...
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Mar 31, 2020 | Taxes

Weakening the SALT Cap Would Be a Wasteful Giveaway During a Crisis

With the economy reeling due to the coronavirus (COVID-19) pandemic, some Members of Congress are reportedly considering retroactively raising the $...
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