Updated projections from the Congressional Budget Office (CBO) show that tariffs enacted this year will reduce debt ...

Lawmakers should ensure that any extension of the enhanced ACA subsidies is not only fully paid for, but also reduces ...

With debt approaching record levels and interest costs exploding, lawmakers should come together to enact significant deficit reduction or support a special process to do so. CBO projects that federal ...

Sources: Committee for a Responsible Federal Budget estimates mainly based on data from the Congressional Budget Office (CBO) and U.S. Census Bureau. Although we assume these would be “minimum” ...

The Senate has passed its version of the Fiscal Year (FY) 2025 reconciliation bill – the One Big Beautiful Bill Act (OBBBA). The table below is a comprehensive tally of each provision included in the ...

Today, the Congressional Budget Office (CBO) released its May 2022 Budget and Economic Outlook, its first baseline in almost a year. CBO’s new projections incorporate the recent surge in inflation, as ...

Social Security is rapidly approaching insolvency. The retirement trust fund is seven years from exhaustion, and the theoretically combined trust funds are nine years from running out. Without ...

In 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government has borrowed an additional $23 trillion, bringing ...

The next few years will include several predictable fiscal policy deadlines, as various policies take effect, expire, or change. Many of the deadlines could bring additional costs if Congress acts ...

Mike Murphy is Senior Vice President and Chief of Staff for the Committee for a Responsible Federal Budget, where he manages policy research and analysis on a variety of topics related to fiscal ...

Debt FixerThe federal government spends a significant portion of its budget on defense, security, and foreign relations. Many of the programs in these categories are vital to keeping America safe and ...

The Social Security and Medicare Trustees released their annual reports today on the financial status of the programs. The Trustees find that both Social Security and Medicare are within a decade of ...