Committee for a Responsible Federal Budget19h
Statement on the Passing of John Spratt
Congressman John Spratt, a former longtime Representative from South Carolina and a member of the Committee for a Responsible Federal Budget, died Saturday at the age of 82.
Committee for a Responsible Federal Budget4d
Typical Couple Will Lose $25,000 of Social Security from WEP/GPO Repeal
Lawmakers are considering the repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset ...
Committee for a Responsible Federal Budget3d
Budget Offsets Bank
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 ...
Committee for a Responsible Federal Budget11d
Reform Needed for Medicaid DSH
Federal Medicaid Disproportionate Share Hospital (DSH) payments are set to face an $8 billion annual reduction – more than 50 ...
Committee for a Responsible Federal Budget6d
TCJA Extension Might Not Pay for Any of Itself
New data from the Congressional Budget Office (CBO) finds that economic feedback may not cover any of the revenue loss and that TCJA extension might even add more to the debt on a dynamic basis, ...
Committee for a Responsible Federal Budget4d
Senate Will Soon Vote on Speeding Up Social Security Insolvency
Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November.
Committee for a Responsible Federal Budget7d
12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...
Committee for a Responsible Federal Budget6d
Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
Having passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing resolution that expires December 20th, at whic ...
Committee for a Responsible Federal Budget5d
Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
The United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest ...
Committee for a Responsible Federal Budget3d
Budget Offsets Library
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 ...
Committee for a Responsible Federal Budget4d
Medicaid Savings Options
The Medicaid program – a joint federal-state program that provides health care to low-income populations – is projected to cost the federal government nearly $8 trillion over the next decade.
Committee for a Responsible Federal Budget13d
Options for Reducing the Revenue Loss of TCJA Extension
Extending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9 trillion ($4.5 trillion with interest) to defici ...