Committee for a Responsible Federal Budget

Budgets & Projections

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American Rescue Plan Could Set Stage for $4 Trillion of Debt

The American Rescue Plan Act is estimated to cost over $1.9 trillion through 2031, but the ultimate price tag could be twice as high if some of the...

Analysis of CBO's March 2021 Long-Term Budget Outlook

Today, the Congressional Budget Office (CBO) released its March 2021 Long-Term Budget Outlook , confirming that the federal budget is on an...

Economic Recovery is Behind Stable Near-Term Debt

While the Congressional Budget Office's latest budget outlook shows debt being larger than the size of the economy for the foreseeable future and...

Pell Program Faces Funding Cliff in 2026

The Congressional Budget Office projects the Pell program will deplete its reserve fund by 2026 and face cumulative deficits of $18 billion by 2031...

CBO Releases New Long-Term Budget Projections

The Congressional Budget Office (CBO) released a new set of long-term budget projections today, showing that the long-term fiscal outlook remains...

Analysis of CBO's February 2021 Budget and Economic Outlook

Today, the Congressional Budget Office (CBO) released its February 2021 Budget and Economic Outlook , confirming that, despite improvements as a...

CBO Releases New 10-Year Budget Projections

The Congressional Budget Office (CBO) just released its February 2021 Budget and Economic Outlook , showing that the COVID-19 public health and...

2021 Deficit On Course to Hit $2.3 Trillion

In light of the enactment of the year-end spending and COVID relief deal, we estimate the deficit will total $2.3 trillion for Fiscal Year (FY) 2021...

Our Top 20 Charts of 2020

2020 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year...