Committee for a Responsible Federal Budget
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Press Releases

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Jul 16, 2020 | Other Spending

Payroll Tax Holiday Shouldn't Hold Up COVID-19 Relief Discussions

For Immediate Release With the next phase of COVID-19 fiscal relief talks set to begin the week of June 20th,...
Jul 8, 2020 | Budgets & Projections

CBO Reports Record $863 Billion Deficit in June

For Immediate Release The United States budget deficit for the month of June was a record $863 billion, according to...
Jul 8, 2020 | Health Care

Policymakers Must Work to Reduce Drug Prices

Efforts to advance a drug pricing bill similar to one the Senate Finance Committee passed last summer by a vote of 19-9 appear to have stalled....
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Jun 23, 2020 | Other Spending

COVID-19 Doesn’t Justify Massive, Debt-Financed Infrastructure Spending

House Democrats yesterday released a sizeable highway and infrastructure bill, just as President Trump is also reportedly considering his own...
Jun 10, 2020 | Other Spending

Treasury Reports $399 Billion Deficit in May as COVID-19 Relief Continues

The United States budget deficit for the month of May totaled $399 billion, bringing the deficit thus far for fiscal year 2020 to $1.88 trillion,...
Jun 3, 2020 | Other Spending

Committee President Maya MacGuineas Testifies on Need for Improved Oversight, Accountability of COVID-19 Relief Funds

Committee for a Responsible Federal Budget president Maya MacGuineas will testify today, June 3, before a newly established committee of federal...
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Jun 1, 2020 | Budget Process

The Committee for a Responsible Federal Budget Hails Responsible Economic Leadership

A bipartisan group of 60 members of Congress – led by Reps. Scott Peters (D-CA) and Jodey Arrington (R-TX) – issued a letter today supporting...
May 5, 2020 | Budgets & Projections

Treasury Will Borrow $3 Trillion in Just Three Months

The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in borrowing, as the...
Apr 22, 2020 | Social Security

Trustees Detail Pre-COVID-19 Medicare, Social Security Insolvency Timeline

the Social Security trust funds in 15 years. After accounting for the sharp economic downturn caused by the pandemic, the trust funds are likely to...
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Apr 21, 2020 | Budgets & Projections

Debt Rises $1 Trillion Over One Month

The national debt has grown by more than $1 trillion over the past month, from $17.5 trillion on March 17th to $18.5 trillion on April 17th....

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