Other Spending
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Policymakers Should Commit To No New Borrowing In 2022
Read moreLawmakers are contemplating a year-end package that could include increased appropriations along with a variety of tax breaks and spending increases... -
Student Debt Payments Should Restart As Scheduled
Read moreThe 33-month pandemic-era pause on student loan repayments is scheduled to end on December 31, after which borrowers will begin making loan payments... -
FY 2022 Deficit Totals $1.4 Trillion
Read moreThe Congressional Budget Office (CBO) today released its final monthly budget review of Fiscal Year (FY) 2022, which shows that the budget deficit... -
Is Biden's Student Debt Cancellation Plan Still Regressive?
Read moreThe Biden Administration’s new $420 billion student debt cancellation and repayment pause plan will deliver the majority of the benefits to those in... -
U.S. Gross Debt Tops $31 Trillion
Read moreThe gross national debt of the United States eclipsed $31 trillion yesterday, just nine months after the federal government’s gross debt exceeded $30... -
Committee Co-Chair Timothy Penny on KROC Minnesota Radio
Read moreCommittee for a Responsible Federal Budget Co-Chair Timothy Penny, former representative for Minnesota’s first Congressional district and president... -
Debt Cancellation is Too Costly, CBO Confirms
Read moreToday, the Congressional Budget Office (CBO) estimated that the Administration’s proposal to cancel up to $10,000 or $20,000 of debt per student loan... -
Student Loan IDR Changes Are Highly Problematic, Report Shows
Read moreWhile much attention has been paid to President Biden's costly and inflationary plan to cancel $10,000 to $20,000 of student debt, his proposed... -
The Biden Administration Has Approved $4.8 Trillion of New Borrowing
Read moreNote: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and... -
Student Debt Changes Wipe Out IRA Savings
Read moreThe student debt cancellation and relief measures recently announced by the Biden Administration will cost roughly $500 billion over ten years under... -
CBO Scores IRA with $238 Billion of Deficit Reduction
Read moreThe Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion... -
Congress Should Offset New Supplemental Spending
Read moreAs lawmakers prepare a continuing resolution (CR) to extend current government funding levels, the White House has requested about $47 billion in...