Senate
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One Month Until Congressional Budgets Come Due
The deadline for the House and Senate Budget Committees to propose and reconcile their respective budgets for Fiscal Year (FY) 2024 – April 15th – is...
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The Debt Ceiling and Fiscal Reforms
With federal debt subject to the limit currently at $31.38 trillion, the federal government has officially run up against its debt ceiling. In January...
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Prevent Government Shutdowns Act of 2023 Introduced in the Senate
Last week, Senators James Lankford (R-OK), Maggie Hassan (D-NH), and a bipartisan group of nine additional senators reintroduced the Prevent...
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IRS Funding Repeal Could Cost Over $100 Billion, Encourage Tax Cheating
1/9 Update: CBO released a score of the bill, incorporated below. The House is likely to vote today on a bill that would rescind roughly $70 billion...
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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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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...
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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...
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EARN Act Would Cost $80 Billion Without Gimmicks
This analysis is an update to a previous analysis of the Enhancing American Retirement Now Act to account for the introduction of the legislation...
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Legislation to Bring Transparency to MA Introduced
Representative Katie Porter (D-CA) introduced legislation this week that would require Medicare Advantage (MA) plans to provide data on supplemental...
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New MA Bill Would Increase Medicare Costs
Last week, the House of Representatives passed the Improving Seniors' Timely Access to Care Act (HR 3173). The legislation would place requirements on...
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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...
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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...