Committee for a Responsible Federal Budget10m
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 Budget3h
$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 Budget2d
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 Budget2d
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 ...
Committee for a Responsible Federal Budget6d
12-Month Rolling Deficit Totals $2.0 Trillion in October 2024
The federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the ...
Committee for a Responsible Federal Budget8d
FY 2024 Ends with $1.8 Trillion Deficit
The U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing ...
Committee for a Responsible Federal Budget6d
CBO Estimates $255 Billion Deficit for First Month of Fiscal Year 2025
The United States borrowed $255 billion in the first month of fiscal year 2025, according to the latest Monthly Budget ...
Committee for a Responsible Federal Budget13d
Medicare Framework Calls for Important Site-Neutral Reforms
Site-neutral reforms represent an important intersection of sound fiscal policy, lower costs for Medicare beneficiaries, and bipartisan support to help drive momentum. Lawmakers should build upon this ...
Committee for a Responsible Federal Budget1mon
SALT Deduction Resources
The 2017 Tax Cuts and Jobs Act (TCJA) includes a $10,000 limit on the deduction for State and Local Taxes (SALT), which helps ...
Committee for a Responsible Federal Budget24d
What Would the Trump Campaign Plans Mean for Social Security?
The Social Security trust funds will be insolvent by Fiscal Year (FY) 2034, according to projections by the Congressional Budget Office (CBO), at which point the law calls for a 23 percent cut in ...
Committee for a Responsible Federal Budget28d
Q: Did Trump Propose Deep Medicare Cuts? A: No
In a recent report, “The Trump-Vance ‘Concept’ on Health Care,” Vice President Kamala Harris’s presidential campaign claims that former President Donald Trump proposed “deep cuts to Medicare and ...