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IMF: US is the Only Advanced Economy With Debt Rising

The International Monetary Fund (IMF) issued a new report yesterday projecting that debt as a share of GDP will decline over the next five years for...

What If Interest Rates Are 1 Point Higher? $1.9 Trillion in Extra Costs

Interest costs are the fastest growing part of the budget, with the Congressional Budget Office (CBO) projecting interest payments will more than...

Balancing the Budget Would Take $7 Trillion to $10 Trillion in Savings

The worsening budget outlook means that meeting certain fiscal goals is now much more difficult than it was previously. We estimate that balancing...

Letter to Members of Congress on Statutory Budget Deadline

The statutory deadline for a budget is April 15 and no budget is in sight. Instead, members of the House of Representatives are voting on a balanced...

Debt Could Reach Record Levels in a Decade

The Congessional Budget Office's (CBO) latest budget projections released this week show how much worse recent legislation has made the fiscal...

Factchecking the Senate Budget Committee Hearing with CBO

At least two claims in Wednesday's Senate Budget Committee hearing with Congressional Budget Office (CBO) Director Keith Hall merit fact checking....

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The Committee for a Responsible Federal Budget is a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact.

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