Latest
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CBO Estimates $710 Billion Deficit for First Three Months of Fiscal Year 2025
Read moreThe United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according...
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Deficit Totaled $2.0 Trillion in Calendar Year 2024
Read moreThe federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the Fiscal Year 2024 deficit and...
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FY 2025 Reconciliation Resources
Read moreThe 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...
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Putting Numbers to TCJA Dynamic Feedback Estimates
Read moreAs we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled...
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Upcoming Congressional Fiscal Policy Deadlines
Read moreUpdated 1/9/2024: The President signed a continuing resolution on December 21, 2024, that runs through March 14, 2025. Lawmakers will need to pass...
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Weakening the SALT Cap Would be a Costly Mistake
Read moreAccording to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to...
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Budget Resolution Should Provide a Plan for Realistic Debt Reduction
Read moreLawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that...
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CBO’s “Other Mandatory” Savings Options
Read moreThe Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy options to reduce the deficit. Most...
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently appeared on Bloomberg's "Balance of Power" to discuss President-elect Trump's comments on the debt...
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Debt Ceiling Q&A
Read moreAfter being suspended by the Fiscal Responsibility Act in 2023, the federal debt ceiling was restored on January 2 and set to the outstanding debt...
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Chris Towner: It’s Time To Get Serious About The Federal Budget Deficit
Read moreChris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal...
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Top 13 Fiscal Charts of 2024
Read moreIt was a busy year for fiscal policy in 2024, with a big focus on the presidential election. In addition to releasing a few major papers, we also...