News

Committee for a Responsible Federal Budget9d

As Social Security Turns 90, It's Racing Towards Insolvency

Social Security turns 90 today – but its retirement program is on course to be insolvent by age 97 – according to new ...
Committee for a Responsible Federal Budget3d

An August 2025 Budget Baseline

Importantly, the CRFB Adjusted August 2025 Baseline does not incorporate the dynamic effects from OBBBA nor other changes to ...
Committee for a Responsible Federal Budget11d

Tariffs Are Generating Meaningful New Revenue

On August 7, the Trump Administration finalized a new set of “reciprocal tariff rates” that generally range from 10 to 41 ...
Committee for a Responsible Federal Budget10d

Gross National Debt Reaches $37 Trillion

The gross national debt of the United States reached $37 trillion yesterday according to the U.S. Treasury. Gross debt had ...
Committee for a Responsible Federal Budget9dOpinion

New York Times Article Does More to Perpetuate Myths than to Dispel Them

With Social Security’s 90 th birthday approaching, The New York Times (NYT) published an article this week alleging “ 6 myths ...
Committee for a Responsible Federal Budget9d

Offsetting ACA Enhanced Subsidy Extensions

There are also a variety of health-related policy options available to offset any extension, including many outlined in our ...
Committee for a Responsible Federal Budget12d

12-Month Rolling Deficit is $1.9 Trillion in July 2025

The federal government borrowed $1.9 trillion over the past year – August 2024 to July 2025 – based on estimates from the Congressional Budget Office (CBO). The July 2025 deficit was $289 billion, ...
Committee for a Responsible Federal Budget11d

Q&A: Gross Debt Versus Debt Held by the Public

Q&A: Gross Debt Versus Debt Held by the Public 2025-08-12 On August 11, 2025 the gross national debt exceeded $37.0 trillion for the first time. This mark serves as an important reminder of the nation ...