Senate

On March 11, the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth held a hearing titled “The Fiscal Outlook: 2027-2036.” The...

Senators Kevin Cramer (R-ND) and Angus King (I-ME), along with Senators Dave McCormick (R-PA) and Gary Peters (D-MI), recently introduced a resolution...

Senators John Curtis (R-UT) and Angus King (I-ME), joined by Senators Chris Coons (D-DE), Thom Tillis (R-NC), Todd Young (R-IN), Jeanne Shaheen (D-NH)...

Updated 2/17/26: On February 14, Homeland Security funding expired, causing a partial government shutdown affecting only that department. The spending...

The legislation to end the current government shutdown and temporarily fund the government would also wipe the current statutory PAYGO scorecard...

As Congress considers the possibility of a second reconciliation bill, lawmakers should ensure it reduces deficits rather than adds to them as the...

“Pay-As-You-Go” or PAYGO rules and laws require offsets for new tax cuts and mandatory spending so they do not add to the debt. 1 Too often these...

Representatives Ben Cline (R-VA) and Jared Golden (D-ME) introduced the Fiscal Contingency Preparedness Act (FCPA) today. This bill was also...

Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The...

The Senate has passed its version of the Fiscal Year (FY) 2025 reconciliation bill – the One Big Beautiful Bill Act (OBBBA). The table below is a...

The latest Senate version of the One Big Beautiful Bill Act (OBBBA) would likely add roughly $4 trillion to the national debt, including interest. 1...