Latest
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12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
Read moreFrom December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO)...
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CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according...
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Reform Needed for Medicaid DSH
Read moreFederal Medicaid Disproportionate Share Hospital (DSH) payments are set to face an $8 billion annual reduction – more than 50 percent – in 2025, 2026...
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Options for Reducing the Revenue Loss of TCJA Extension
Read moreExtending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9...
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Policymakers Should Include Dynamic Scores for Tax Reform
Read moreAs policymakers consider extending parts of the Tax Cuts and Jobs Act (TCJA) and possibly making other tax changes, there will be discussion about how...
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Comments on Proposed Student Debt Hardship Rule
Read moreOn November 27, Committee for a Responsible Federal Budget's Senior Vice President and Senior Policy Director, Marc Goldwein, and Senior Policy...
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Reversing Biden Executive Actions Could Save up to $1.4 Trillion
Read moreAs the national debt approaches record levels and interest costs surge , the next Administration and Congress will need to find options to reduce...
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There Are Plenty of Offsets for Tax Cut Extensions
Read moreAs Congress considers extensions of the expiring provisions in the Tax Cuts and Jobs Act (TCJA), lawmakers will need to come up with $3.9 to $4.8...
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Gross National Debt Reaches $36 Trillion
Read moreThe gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the...
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Congress Should Avoid a Costly End-of-Year Package
Read moreWith debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already...
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You Can’t Just Wish Away Deficit Effects by Assuming Something is Permanent
Read moreSome lawmakers are making the case that expiring tax cuts should be considered permanent in order to hide the $3.9 trillion increase in deficits that...
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Interest Costs Have Nearly Tripled Since 2020
Read moreThe recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal...