FY 2018 Budget

A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is technically...

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...

When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of those...

The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...

Late last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...

Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...

The President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others. The...

Update: CBO released an estimate of the effect of the CHIP rescission on outlays and coverage. CBO estimates that the proposed rescission would not...

The Bipartisan Budget Act of 2018 (BBA) increased this year's discretionary spending caps by a whopping $143 billion, paving the way for a 13 percent...

Congress has completed action on omnibus appropriations legislation. The House and Senate passed the omnibus bill, and President Trump signed the...