The Latest Breaking News from CRFB

"The United States is deeply indebted, and its finances are on an unsustainable long-term trajectory," says the Committee for a Responsible Federal Budget.

Student-debt collections are being halted again, as they have for over half a decade now.

"It's hard to imagine the bar for dysfunctional government getting any lower than it is right now," said the Committee for a Responsible Federal Budget.

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

If you're married and retired or about to retire, you and your spouse could begin losing more than $18,000 per year in Social Security benefits if Congress fails to shore up the solvency of the trust fund for the retirement benefit program by 2033, according to  Barron's.

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

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.

The U.S. is on track to borrow nearly $2 trillion per year for the next decade, the CRBF notes. "How can anyone think this is sustainable?"

A couple turning 60 this year would face an $18,400 Social Security cut, according to the Committee for a Responsible Federal Budget.