Domestic Spending
Latest
-
Groups Urge Congress to Avoid Inflationary Medicare Spending
As Congress considers year-end legislation , the Committee for a Responsible Federal Budget joined with Employ America and Paragon Health, two...
-
Maya MacGuineas: Three things Congress must do to curb our nation’s spiraling debt crisis
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently co-authored an...
-
Congress Should Avoid Budget-Busting Omnibus
Congressional negotiators are apparently discussing a Fiscal Year 2023 omnibus appropriations bill of $1.65 trillion or higher, which would represent...
-
Maya MacGuineas: Washington should make a pledge: No new debt for the rest of 2022
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
-
Year-End Borrowing Could Worsen Deficits and Inflation
With inflation surging and debt approaching record levels, policymakers should avoid worsening the deficit and should at least pledge to add no new...
-
The Biden Administration Has Approved $4.8 Trillion of New Borrowing
Prior to the pandemic, the U.S. national debt was on an unsustainable path. In 2020, policymakers appropriately enacted $3.4 trillion of additional...
-
CBO Scores IRA with $238 Billion of Deficit Reduction
The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion...
-
How Long Before Cancelled Student Debt Would Return?
Note: This analysis has been updated to reflect President Biden’s announced cancellation plan . You can read the original version here. President...
-
Student Debt Changes Would Boost Inflation
The student debt cancellation and relief measures announced earlier this week by the Biden Administration would cost around $500 billion over a decade...
-
Everything You Need to Know About Student Debt Cancellation
Below are a few frequently asked questions about student debt cancellation and proposals around it. Whose debt has been cancelled? How much will Biden...
-
What's In the Inflation Reduction Act?
Update (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
-
More Borrowing Will Hurt Competitiveness
This week, the Senate is moving forward on a compromise “chips-plus” economic competitiveness bill. Though there is not yet a score from the...