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Updated 3/28/2025: The President signed a continuing resolution (H.R. 1968) on March 15, 2025, that runs through September 30, 2025. Our analysis of...

Updated 5/22/25: The House passed the reconciliation package, officially titled the "One Big Beautiful Bill Act," on May 22 by a vote of 215 to 214...

The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...

The House of Representatives’ Fiscal Year (FY) 2025 reconciliation bill – titled the One Big Beautiful Bill Act of 2025 (OBBBA) – would add $2.5...

The Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the One Big...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners . Further increasing the cap above...

The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week. House leadership...

Interest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing...

Treasury Secretary Scott Bessent has frequently discussed the importance of reducing annual deficits to 3 percent of Gross Domestic Product (GDP) –...

As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trillion between 2025 and...

As the House considers a reconciliation package that is shaping up to add $3.3 trillion to the debt over a decade as written – or $5.2 trillion if...

Committee for a Responsible Federal Budget President Maya MacGuineas recently joined CBS News' "America Decides" with host Major Garrett to discuss...