Committee for a Responsible Federal Budget

Budgets & Projections

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A $2.8 Trillion Budget Deficit

For Immediate Release The Congressional Budget Office released its final monthly budget review of fiscal year (FY) 2021 today, concluding the budget...

No Score, No Vote: House Should Not Vote on Reconciliation Without a Score

For Immediate Release Speaker Nancy Pelosi (D-CA) recently called for the House of Representatives to pass its reconciliation bill, the Build Back...

Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue

Policymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of...

Five Ways to Improve the FY 2022 Reconciliation Package

Congress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden has made the...

Better Targeting in Reconciliation

As lawmakers negotiate the details of their reconciliation package , they will need to scale back some of their ambitions to prevent arbitrary policy...

Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes

UPDATE (9/13/2021): The Joint Committee on Taxation has released a full score of the revenue proposals, including the revenue-raising items. The...

CBO Reports $173 Billion Deficit for August

The United States borrowed over $2.7 trillion in the first 11 months of fiscal year 2021, including $173 billion in August, according to the latest...

Responsibly Raising the Debt Limit

Yesterday, Treasury Secretary Janet Yellen warned Congress that the Treasury is likely to run out of extraordinary measures in October. Without...

FY 2022 Reconciliation Tracker

Last Updated: 9/27/2021 Budget reconciliation is underway ( read more about the full process here ), with House and Senate lawmakers crafting a...