Domestic Spending

The reconciliation instructions in the House’s Fiscal Year (FY) 2025 budget resolution – which allow up to $2.8 trillion of net borrowing through 2034...

The Trump Administration has called for significant reductions to the federal workforce and has begun the process by laying off a number of federal...

With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already...

There is currently a massive $1.7 trillion balance on the statutory PAYGO scorecard for 2025. Under current law, this balance is slated to trigger a...

Vice President Kamala Harris released a document today – the Agenda to Lower Costs for American Families – that outlines a number of proposals she...

In a recent analysis, we estimated that former President Donald Trump approved $8.4 trillion of new ten-year borrowing during his four-year term in...

Note: For the latest fiscal year, click here . Updated 4/24/2024: On Tuesday, April 23, the Senate passed a package of national security-oriented...

Overview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student debt levels in the United...