As we noted before, this $2 trillion spending cut – $1.7 trillion net of the spending increases – would not be the largest ...

This piece has been updated to include an estimate of the Changes in Mandatory Programs (CHIMPs) without outlay savings, which result in the net effect of the bill to in ...

The federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the ...

Alan K. Simpson, a former Senator from Wyoming and a Member of the Committee for a Responsible Federal Budget, died Friday at the age of 93.

The House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through ...

In May, CBO released an update to its Budget and Economic Outlook, showing cumulative deficits from 2014 to 2023 of $6.3 trillion and debt reaching 73.6 percent of GDP in 2023. We have also updated ...

Prior to the Senate's vote, the House passed the same measure to extend government funding by a vote of 217 to 213. Previously, on September 18, the House held a vote on a continuing resolution to ...

The United States borrowed $1.1 trillion in the first five months of fiscal year 2025, including $307 billion in February, according to the latest ...

As Congress continues to discuss a compromise budget resolution between the House and Senate, setting the stage for reconciliation, the choice of baseline for the eventual reconciliation bill is on ...

The House of Representatives will soon vote on a full-year continuing resolution (CR) for Fiscal Year (FY) 2025.