Net interest on the national debt, the fastest growing part of the budget, is projected to more than double from $970 billion in Fiscal Year (FY) 2025 to $2.1 trillion by FY 2036 under ...

President Trump will deliver the State of the Union address this evening before a joint session of Congress. The occasion offers the President the opportunity to establish his policy agenda for the ...

First, CRFB has repeatedly touted the fiscal effects of tariffs, pointing out that they have been generating meaningful new revenue – and this soaring revenue has been one bright spot in an otherwise ...

Under that scenario, deficits would total 7.3% of GDP over the FY 2026 to 2036 period – including 8.1% of GDP in 2036 – and ...

The Supreme Court has upheld lower court decisions in striking down a wide swath of President Trump’s tariffs on grounds that he exceeded his legal authority in imposing them.

On February 18, 2026, Chris Towner, policy director of the Committee for a Responsible Federal Budget, gave a presentation on the February 2026 Congressional Budget Office (CBO) baseline.

The Pell Grant program will end 2026 in the red and faces a cumulative 10-year shortfall exceeding $100 billion, according to the Congressional Budget Office’s (CBO) February 2026 baseline. Without ...

The Fiscal Contingency Preparedness Act (FCPA), introduced last year by Representatives Ben Cline (R-VA) and Jared Golden (D-ME) in the House as well as Senators Mark Warner (D-VA) and Todd Young ...

Deficits would need to be reduced by $9.5 trillion over the next decade to stabilize debt at 100% of Gross Domestic Product (GDP). Roughly $10 trillion of deficit reduction would be required through ...