Committee for a Responsible Federal Budget

Debt & Deficits

Projecting COVID's Fiscal Impact

The current economic crisis and response has dramatically expanded federal deficits.
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Updated Budget Projections Show Fiscal Toll of COVID-19 Pandemic

The United States is currently experiencing one of its sharpest economic crises in modern history as a result of the global COVID-19 pandemic and...
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Treasury Data Shows Other Countries Not Buying Additional Debt

Total foreign holdings of United States debt held steady during the month of April despite the massive increase in government borrowing...
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Representative Rouda Introduces Fiscal Responsibility & Long-Term Economic Security Act

While short-term borrowing and large deficits are necessary to fight the COVID-19 public health and economic crisis, policymakers will...
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Correcting the Record on the Enzi-Whitehouse Budget Reforms

Prior to the COVID-19 public health and economic crisis, the Senate Budget Committee approved the Bipartisan Congressional Budget Reform Act....
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Debunking Debt Myths in the COVID Economy

Federal debt held by the public is slated to grow by roughly $4 trillion in fiscal year 2020 and exceed the size of the economy by year’s end.
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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...

Eugene Steuerle: This is not your grandfather's debt problem

Now that the covid-19 crisis has produced predictions that we soon will reach a debt-to-GDP ratio previously seen only once before — during...

Maya MacGuineas Joins Fox Business to Discuss Federal Debt Projections

Committee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Mornings with Maria on Fox Business.

Is the Fed Buying Our New Debt?

So far, the legislative response to the COVID-19 pandemic has injected around $1.5 trillion of fiscal support into the economy. In combination...

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