Committee for a Responsible Federal Budget

Budgets & Projections

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Pell Program Faces Funding Cliff in 2026

The Congressional Budget Office projects the Pell program will deplete its reserve fund by 2026 and face cumulative deficits of $18 billion by 2031...

CBO Releases New Long-Term Budget Projections

The Congressional Budget Office (CBO) released a new set of long-term budget projections today, showing that the long-term fiscal outlook remains...

Analysis of CBO's February 2021 Budget and Economic Outlook

Today, the Congressional Budget Office (CBO) released its February 2021 Budget and Economic Outlook , confirming that, despite improvements as a...

CBO Releases New 10-Year Budget Projections

The Congressional Budget Office (CBO) just released its February 2021 Budget and Economic Outlook , showing that the COVID-19 public health and...

2021 Deficit On Course to Hit $2.3 Trillion

In light of the enactment of the year-end spending and COVID relief deal, we estimate the deficit will total $2.3 trillion for Fiscal Year (FY) 2021...

Our Top 20 Charts of 2020

2020 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year...

Now's Not the Time to Raid the Pell Surplus

With 2020 college enrollment down as a result of the COVID-19 pandemic, the Pell Grant program may add more to its reserves than previously estimated...

Policymakers Must Not Ignore the Long-Term Debt Outlook

For Immediate Release Today, Larry Summers and Jason Furman released a new working paper, A Reconsideration of Fiscal Policy in the Era of Low...

CBO Confirms Debt Exceeded 100% of GDP for FY 2020

For Immediate Release The Congressional Budget Office today released an end-of-year summary report for fiscal year 2020 , which confirms that the...