Committee for a Responsible Federal Budget1h
As the Fed Cuts Rates, Treasury Yields Are Rising
With last week’s rate decision, the Federal Reserve has now cut the federal funds rate by 75 basis points over the past eight ...
Committee for a Responsible Federal Budget5h
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 Budget6d
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 Budget21h
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 Offset ...
Committee for a Responsible Federal Budget4d
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 Budget11d
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 Budget18d
Bipartisan Senate Group Introduces the RESILIENCE Act
The RESILIENCE Act would mandate that the Secretary of the Treasury work with the Director of the Office of Management and Budget (OMB) to complete annual assessments of the government’s fiscal ...
Committee for a Responsible Federal Budget22d
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 Budget26d
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 ...
Committee for a Responsible Federal Budget25d
Fiscal Year 2024 Ends with $1.8 Trillion Deficit
The U.S. Treasury Department today released the final Monthly Treasury Statement for Fiscal Year (FY) 2024, confirming the budget deficit totaled $1.8 trillion. The following is a statement from Maya ...