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Senate Budget Resolution Falls Short
Read moreThe Senate Budget Committee released a Fiscal Year 2026 budget resolution today that is expected to receive a vote in the full Senate soon. The... -
Senator Wyden Introduces Tax Week Revenue-Raisers
Read moreSenator Ron Wyden (D-OR), the Ranking Member of the Senate Finance Committee, introduced five bills this week to close tax loopholes, improve tax... -
Reconciliation 101
Read moreWhat is Reconciliation? How do Reconciliation Instructions Work? Can a Reconciliation Bill Add to the Deficit? What is the “Byrd Rule”? What are Other... -
Trump CEA Projections Tracker
Read moreBefore the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) released economic and fiscal... -
Recent Metal Tariff Changes Will Lose $90 Billion, Instead of Raising Revenue
Read moreOn April 2 the Administration issued a proclamation adjusting tariffs on imports of aluminum, steel, and copper. Contrary to the initially reported... -
House Budget Committee Examines 3% Deficit-to-GDP Target
Read moreOn March 26, 2026, the House Budget Committee held a hearing titled “The Best Metric to Reverse the Curse: A 3% Deficit-to-GDP Path to Fiscal... -
Inflation Spikes to Highest in Nearly Two Years
Read moreThe Consumer Price Index (CPI) increased a massive 0.9% in March, driven largely by rising energy prices, and is up 3.3% over the past year – putting... -
Event Recap: Boomerang: Wealth, Retirement, and the Generational Divide
Read moreOn April 8, the Committee for a Responsible Federal Budget hosted Boomerang: Wealth, Retirement, and the Generational Divide. This Trust Fund... -
Recap: Maya MacGuineas Testifies Before Senate Finance Subcommittee
Read moreOn March 11, the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth held a hearing titled “The Fiscal Outlook: 2027-2036.” The... -
12-Month Rolling Deficit is $1.6 Trillion in March 2026
Read moreThe federal government borrowed $1.6 trillion over the past 12 months based on new estimates from the Congressional Budget Office (CBO). CBO estimates... -
CBO Estimates $1.2 Trillion Deficit for First Half of FY 2026
Read moreThe United States borrowed $1.2 trillion in the first six months of Fiscal Year (FY) 2026, including $163 billion in March, according to the latest... -
CMS Abandons Efforts to Rein in Medicare Costs
Read moreAfter proposing meaningful reforms to reduce Medicare Advantage (MA) overpayments in January, the Centers for Medicare & Medicaid Services (CMS)...