Committee for a Responsible Federal Budget

Treasury Confirms $1.2 Trillion Deficit for First 8 Months of FY 2026

The United States borrowed $1.2 trillion in the first eight months of Fiscal Year (FY) 2026, including $293 billion in May, according to the latest Monthly Treasury Statement from the Treasury ...
Opinion
Committee for a Responsible Federal BudgetOpinion

Use The Social Security Reformer to Prevent Insolvency

Time is running out to save the Social Security retirement trust fund from insolvency in less than six years and ...
Committee for a Responsible Federal Budget

Charitable Deduction Reform Could Raise Revenues and Increase Giving

We estimate reforms to charitable tax deductions could generate $20 billion while increasing giving, or $115 billion with little impact on giving, based on a new study from the Tax Policy Center. As a ...
Committee for a Responsible Federal Budget

GAO: Up to $304 Billion in Tax Fraud Annually

Tax fraud costs the federal government between $116 billion and $304 billion each year, according to a recent analysis by t ...
Committee for a Responsible Federal Budget

Deficit Reduction Is Key to Improving Affordability

Americans face many affordability challenges. High inflation, increasing interest rates, rising housing costs, growing health costs, elevated gas prices, and uneven wage growth are putting significant ...
Committee for a Responsible Federal Budget

"Election Dividends” Would Explode Deficit and Worsen Inflation

Speaking at the Republican Midterm Convention yesterday in Dallas, Texas, President Trump floated a new proposal to “issue a dividend to every adult citizen in the United States of America for $5,000, ...
Committee for a Responsible Federal Budget

How Debt Got to 100% of GDP: A From Riches to Rags Update

Since gross national debt crossed $40 trillion last month – and the more meaningful debt held by the public as a share of Gross Domestic Product (GDP) hit 100% – there has been much discussion over ...
Committee for a Responsible Federal Budget

Analysis of the 2026 Medicare Trustees' Report

The Medicare and Social Security Trustees released their annual reports on the financial status of the trust funds, showing both face serious financial challenges. Our analysis of the Social Security ...
Committee for a Responsible Federal Budget

Analysis of the 2026 Social Security Trustees' Report

The Social Security and Medicare Trustees released their annual reports today on the financial status of the programs. The Trustees find that these programs are approaching insolvency and face large ...
Committee for a Responsible Federal Budget

Social Security and Medicare Trustees Release 2026 Reports

The Social Security and Medicare Trustees released their annual reports today, finding that both programs have significantly worse financial outlooks and are fast approaching insolvency. The Trustees ...
Committee for a Responsible Federal Budget

Beyond the Gridlock: Bipartisan Fiscal Solutions

The national debt is on track to exceed record levels in just a few years. It took many bipartisan actions to get us into this fiscal situation, and it will take bipartisan efforts to get us out of it ...