Committee for a Responsible Federal Budget
Washington Monument

Papers

View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.

Jan 9, 2017 | Budget Process

A Long-Term Budget for Entitlements and Required Revenues

by Stuart Butler and Maya MacGuineas This paper represents a joint project of the Brookings Institution and Committee for a Responsible Federal...
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Jan 4, 2017 | Health Care

The Cost of Full Repeal of the Affordable Care Act

The Affordable Care Act (ACA), also known as “Obamacare,” includes a number of provisions to expand health care coverage, as well as...
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Dec 14, 2016 | Budgets & Projections

The Cost of Rising Interest Rates

This paper has been updated and is avaible here Over the next decade, interest payments on the debt are projected to be the fastest growing part of...
Social Security_Card_Money
Dec 8, 2016 | Social Security

A Bipartisan Social Security Commission

In 1981, the Social Security trust funds were nearly empty and President Ronald Reagan and Congressional leaders in both parties appointed the...
Budget Process_Books
Dec 6, 2016 | Budget Process

Reconciliation 101

What is reconciliation? Reconciliation is a special legislative process created as part of the Budget Act of 1974. It is intended to help lawmakers...
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Dec 1, 2016 | Budgets & Projections

Governing through Leadership: Steps to Secure Our Fiscal Future

A Memorandum to President-Elect Donald J. Trump    TO: President-Elect Donald J. Trump  FROM:  ...
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Nov 3, 2016 | Budgets & Projections

A Lame Duck President in 2017?

by C. Eugene Steuerle, Maya MacGuineas, Tyler Evilsizer, and Caleb Quakenbush This report represents a joint project of the Urban-Brookings Tax...
Hillary Clinton & Donald Trump
Oct 18, 2016 | Budgets & Projections

What Would Clinton and Trump Need to Do to Address the Debt Along with their Policy Agendas?

We recently estimated that Clinton's policies would likely add $200 billion to the debt over the next decade, while Trump’s policies...
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Sep 22, 2016 | Budgets & Projections

Promises and Price Tags: An Update

Update: On November 2, 2016, we added an appendix to this update that summarizes the policies that the candidates have released.  The next...
Social Security
Sep 20, 2016 | Social Security

Sizing Up Social Security's Solvency Challenge

Social Security faces a large shortfall between scheduled benefits and dedicated revenue, and the program is currently on a path toward insolvency....
Sep 8, 2016 | Budgets & Projections

Fix The Debt Co-Chair Senator Judd Gregg's Testimony on the Direction, Drivers and Dangers of the Federal Debt

On September 8, 2016, Campaign to Fix the Debt Co-Chair and former Senator Judd Gregg (R-NH) testified before the Joint Economic Committee on "...
Sep 8, 2016 | Budgets & Projections

CRFB Co-Chair Governor Mitch Daniels's Testimony on the Direction, Drivers and Dangers of the Federal Debt

On September 8, 2016, CRFB Co-Chair and president of Purdue University Governor Mitch Daniels testified before the Joint Economic Committee on "...
Alice Rivlin
Sep 8, 2016 | Budgets & Projections

CRFB Board Member Alice Rivlin's Testimony on the Direction, Drivers, and Dangers of the Federal Debt

On September 8, 2016, CRFB Board Member and Brookings Institution Senior Fellow Alice Rivlin testified before the Joint Economic Committee on "...
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Running on Empty? Fiscal Space and the Next Recession

The national debt increased dramatically during and after the Great Recession, rising from 35 percent of Gross Domestic Product (GDP) in 2007 to 66...
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Aug 23, 2016 | Budgets & Projections

Report: Analysis of CBO's August 2016 Budget and Economic Outlook

Budget deficits are on the rise, according to the Congressional Budget Office’s (CBO’s) budget and economic projections released today....
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Aug 11, 2016 | Budget Process

The Better Budget Process Initiative: Senate Budget Procedures - Prospects for Reform

Before the Senate adjourned in July for summer recess, Senate Budget Committee Chairman Mike Enzi (R-WY) released an outline recommending changes to...
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Jul 12, 2016 | Budgets & Projections

Report: The 2016 CBO Long-Term Budget Outlook

The Congressional Budget Office (CBO) released its 2016 Long-Term Budget Outlook today, outlining the projected budget picture for the next three...
Hillary Clinton & Donald Trump
Jul 6, 2016 | Budgets & Projections

Chartbook: Promises and Price Tags

Below is a new chartbook with the key figures and graphs from our paper, Promises and Price Tags: A Fiscal Guide to the 2016 Election. 
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Jun 27, 2016 | Budgets & Projections

Promises and Price Tags: A Fiscal Guide to the 2016 Election

NOTE: This is an old version of this analysis and contains out-of-date estimates with policies proposed through June 24, 2016. It has been...
Social Security
Jun 22, 2016 | Social Security

Analysis of the 2016 Social Security Trustees Report

Today, the Social Security and Medicare Trustees released their annual reports on the financial status of each program. The projections show that...

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