Other Spending
Latest
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New CBO Estimate Should Send IDR Plan Back to Drawing Board
The Congressional Budget Office (CBO) estimates the President’s proposed income-driven repayment (IDR) plan for student loans will cost $230 billion...
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House Freedom Caucus Proposes up to $3.7 Trillion in Savings for Debt Ceiling Vote
The House Freedom Caucus released today a proposal for the upcoming debt ceiling negotiations. Its members call for repealing the announced student...
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Comments on Proposed IDR Rule
On February 9, Committee for a Responsible Federal Budget Senior Vice President and Senior Policy Director Marc Goldwein submitted comments on the...
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New Study Finds Student Loan Pause is Regressive
A recent analysis by Diego Briones, Sarah Turner, and Eileen Powell of the University of Virginia found that the current student loan payment pause...
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Congress Must Responsibly Raise the Debt Limit
Today, the Treasury Department announced that it has begun engaging in a set of accounting tools known as “extraordinary measures” to avoid breaching...
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Congress Should Limit Discretionary Spending to Help Control the Debt
According to press reports, a number of Members of Congress have called for reducing fiscal year (FY) 2024 appropriations levels back to FY 2022...
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December Deficit Tops $82 Billion
The United States borrowed $82 billion in December, making the total for fiscal year 2023 so far $418 billion according to the latest Monthly Budget...
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Proposed Student Loan Rule Is Costly and Flawed
Today, the Department of Education released a proposed rule to create a new and highly problematic income-driven repayment (IDR) plan for federal...
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FY 2023 Omnibus Means Over $700 Billion Boost to Baseline Spending
The recently-passed Fiscal Year (FY) 2023 omnibus appropriations package will substantially boost appropriations levels this fiscal year and into the...
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House Rules Package Would Make It Too Easy to Add More to the Debt
The House of Representatives is expected to vote sometime soon on a new rules package for the 118 th Congress, which includes a number of changes to...
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Congress Approved $113 Billion of Aid to Ukraine in 2022
Since Russia launched its invasion of Ukraine less than one year ago, Congress has approved more than $113 billion of aid and military assistance to...
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Appropriations Watch: FY 2023
Updated 1/3/2023: The President signed the FY 2023 omnibus appropriations bill on Thursday, Dec. 29. The House passed the measure by a 221-205-1 vote...