Senate
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The Debt Ceiling and Fiscal Reforms
Read moreWith 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
Read moreLast 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
Read more1/9 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
Read moreSince 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
Read moreMaya 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
Read moreWith 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
Read moreThis 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
Read moreRepresentative 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
Read moreLast week, the House of Representatives passed the Improving Seniors' Timely Access to Care Act ( HR 3173). The legislation would place requirements...
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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...
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What's In the Inflation Reduction Act?
Read moreUpdate (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
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Six Ways to Fight Inflation
Read morePersonal Consumption Expenditure (PCE) inflation rose by 6.3 percent over the past year and 0.6 percent last month according to new data from the...