Committee for a Responsible Federal Budget

12-Month Rolling Deficit is $1.7 Trillion in Calendar Year 2025

The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...

GOP’s Spending Fueled Inflation

Economist Peter Schiff pushed back against President Donald Trump’s latest claims on inflation, where he placed the blame ...

$18 billion deficit greets Newsom’s final year in office; how will he address it?

Will California Gov. Gavin Newsom raise taxes or cut spending to fix an $18 billion budget shortfall? Either could spell trouble for his legacy.

Proposed California budget plan includes $30 billion more in spending with $2.9 billion deficit

Gov. Gavin Newsom's finance director is set to present the governor's spending proposal for the state's 2026-2027 budget on ...

Deficit spending will jeopardize Missouri’s financial health, state auditor says

Auditor Fitzpatrick is urging lawmakers to take immediate action to curb the trend of deficit spending before the state's ...

Trump proposes massive increase in 2027 defense spending to $1.5T, citing ‘dangerous times’

President Donald Trump is proposing setting U.S. military spending at $1.5 trillion in 2027, citing “troubled and dangerous ...
KPBS

Newsom’s final year in office begins with an $18 billion deficit. How will he address it?

As Gov. Gavin Newsom prepares to release his spending plan this Friday, a projected $18 billion deficit awaits. Will he raise ...