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High Inflation Drives 3.6% Social Security COLA
Read moreSocial Security beneficiaries will receive a 3.6% cost-of-living adjustment (COLA) in 2027, based on today’s inflation data. This COLA will be 0.8... -
GAO: Up to $304 Billion in Tax Fraud Annually
Read moreTax fraud costs the federal government between $116 billion and $304 billion each year, according to a recent analysis by the Government... -
CBO Estimates $2.0 Trillion Deficit for Fiscal Year 2026
Read moreThe United States borrowed $2.0 trillion in FY 2026, including $28 billion in the month of September, according to the latest Monthly Budget Review... -
CBO Finds Rising Rates Could Explode the Debt
Read moreThe Congressional Budget Office (CBO) released an analysis today of the impact of higher interest rates on the national debt relative to its February... -
CBO Estimates Golden Dome Could Cost More than $1 Trillion
Read moreEarlier this year, the Congressional Budget Office (CBO) released an analysis estimating the 20-year cost of a National Missile Defense (NMD) system... -
Treasury Implements Commonsense Efforts to Reduce Improper Payments
Read moreThe Treasury Department announced today that it had significantly expanded the reach of the federal “Do Not Pay” system over the past fiscal year... -
PWBM Shows Social Security Solvency Would Improve Fiscal Outlook, Boost Growth
Read moreRestoring solvency to the Social Security trust funds could grow the economy and help fix the debt, according to recent estimates of different Social... -
John Kasich: Balancing the Budget Became My Mission
Read moreJohn Kasich is the former Governor of Ohio and a member of the Board of Directors of the Committee for a Responsible Federal Budget. He recently wrote... -
Congress Clarifies Social Security's Retirement Ages
Read moreThe Senate passed the Claiming Age Clarity Act by unanimous consent this week. Having passed the House last December, the bill will now go to the... -
U.S. Ran a $2 Trillion Deficit Last Year, We Estimate
Read moreFiscal Year (FY) 2026 ended yesterday. Although official figures have not yet been released, our preliminary estimates show high and rising deficits... -
Guest Essay – Post-WWII Versus Now: Similar Debt, Different Circumstances
Read moreBelow is a guest essay from Rebeca Stacey, a Summer 2026 Policy Intern at the Committee. The views expressed below are those of the author and may not... -
Washington Needs a Fiscal Intervention
Read moreLong-term interest rates are approaching their highest yields in 20 years today, with the 10-year Treasury yield topping 5.2% and the 30-year bond...