The Latest Breaking News from Committee for a Responsible Federal Budget

Inside the Republican Plan To Raise the Retirement Age to 69 To Salvage Social Security

Republicans are backing a plan to raise the full Social Security retirement age to 69 for younger US workers, arguing it is needed to salvage the system before its trust fund runs dry in 2032.

International Business Times UK · Jun 4

Trump's $2,000 tariff 'dividends' would cost twice as much as the revenue coming in, budget watchdog warns

“If tariff dividends are paid annually, deficits would increase by $6 trillion over ten years,” per the Committee for a Responsible Federal Budget.

Fortune · Nov 10, 2025

CRFB Slams $1.8 Trillion Deficit Amid 'Pointless And Wasteful' Shutdown: 'Will Lose Our Status As A Superpower'

The Committee for a Responsible Federal Budget (CRFB), a nonpartisan budget watchdog, condemned the ongoing U.S. government shutdown as “pointless and wasteful”, while unveiling the staggering $1.8 trillion federal deficit for the fiscal year 2025.

Benzinga · Oct 10, 2025

Biden will cancel $10,000 of student debt for many borrowers

WASHINGTON — President Joe Biden announced Wednesday that he is canceling $10,000 in student debt for individuals earning less than $125,000 annually and extending a pause on loan repayments for all borrowers through the end of the year.

Los Angeles Times · Aug 24, 2022

Biden plans student debt relief announcement Wednesday

WASHINGTON — President Joe Biden intends to announce his long-delayed decision on canceling some student debt on Wednesday. Biden has yet to finalize the details of his plan, but any choice he makes on the contentious issue is likely to draw criticism from both parties and risks shifting the political…

Los Angeles Times · Aug 23, 2022

Commentary: A better, fairer way to handle student loans

President Joe Biden is set to “forgive” $10,000 worth of student loan debt per borrower, for a total of $360 billion in loan elimination. This may sound like a neat and easy solution, but the direct result will be to increase inflation, drive college costs even higher, and place lower-cost…

Tribune News Service · Jun 9, 2022

Latest White House plan would forgive $10,000 in student debt per borrower

Biden’s administration is firming up plans to cancel $10,000 in student debt per borrower for people who earned up to $150,000 the year before

The Independent UK · May 27, 2022

Where does student loan forgiveness stand? Borrowers wait anxiously on Biden

Kayla Camacho was halfway through her master’s degree when federal student loan payments were paused in March 2020.

Los Angeles Times · May 11, 2022