Jul 23, 2020 | Social Security
Senate Proposal Would Address Trust Fund Insolvency Accelerated by COVID Recession
For Immediate Release
The next COVID relief bill could incorporate the bipartisan TRUST Act, a bill which would...
Press Releases
Jul 16, 2020 | Other Spending
Payroll Tax Holiday Shouldn't Hold Up COVID-19 Relief Discussions
For Immediate Release
With the next phase of COVID-19 fiscal relief talks set to begin the week of June 20th,...
Jul 8, 2020 | Budgets & Projections
CBO Reports Record $863 Billion Deficit in June
For Immediate Release
The United States budget deficit for the month of June was a record $863 billion, according to...
Jul 8, 2020 | Health Care
Policymakers Must Work to Reduce Drug Prices
Efforts to advance a drug pricing bill similar to one the Senate Finance Committee passed last summer by a vote of 19-9 appear to have stalled....
Jun 23, 2020 | Other Spending
COVID-19 Doesn’t Justify Massive, Debt-Financed Infrastructure Spending
House Democrats yesterday released a sizeable highway and infrastructure bill, just as President Trump is also reportedly considering his own...
Jun 10, 2020 | Other Spending
Treasury Reports $399 Billion Deficit in May as COVID-19 Relief Continues
The United States budget deficit for the month of May totaled $399 billion, bringing the deficit thus far for fiscal year 2020 to $1.88 trillion,...
Jun 3, 2020 | Other Spending
Committee President Maya MacGuineas Testifies on Need for Improved Oversight, Accountability of COVID-19 Relief Funds
Committee for a Responsible Federal Budget president Maya MacGuineas will testify today, June 3, before a newly established committee of federal...
Jun 1, 2020 | Budget Process
The Committee for a Responsible Federal Budget Hails Responsible Economic Leadership
A bipartisan group of 60 members of Congress – led by Reps. Scott Peters (D-CA) and Jodey Arrington (R-TX) – issued a letter today supporting...
May 5, 2020 | Budgets & Projections
Treasury Will Borrow $3 Trillion in Just Three Months
The Department of the Treasury yesterday estimated that the second quarter of 2020 will see a record-breaking $3 trillion in borrowing, as the...
Apr 22, 2020 | Social Security
Trustees Detail Pre-COVID-19 Medicare, Social Security Insolvency Timeline
the Social Security trust funds in 15 years. After accounting for the sharp economic downturn caused by the pandemic, the trust funds are likely to...