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Reconciliation 101
Read moreThis paper has been updated here. What is reconcilation? How do reconciliation instructions work? Can a reconciliation bill add to the budget deficit...
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Near- and Long-Term Fiscal Challenges for the Biden Administration
Read moreFor Immediate Release President Joe Biden takes office in the face of numerous economic and fiscal challenges. Although COVID-19 vaccine distribution...
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Blue Dog Coalition Argues Against Misuse of New PAYGO Exemptions
Read moreThe House of Representatives began the 117th Congress with a new rules package – H.Res.8. The package maintains the House Pay-As-You-Go (PAYGO) rule...
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Biden to Unveil $1.9 Trillion COVID Response Plan
Read moreNote: We have published an updated, more detailed breakdown of President Biden’s $1.9 trillion COVID response plan, compared alongside a $618 billion...
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Maya MacGuineas Joins CNN Business to Discuss COVID Relief and Deficits
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently appeared on CNN business to discuss why some level of deficit spending...
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Select Committee on the Modernization of Congress Extended
Read moreThe House voted last week on a rules package that extended the House Select Committee on the Modernization of Congress (SCMC) through the 117th...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
Read moreIn her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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Four-Fifths of Stimulus Checks Have Been Sent
Read moreIn the first three days of distributing the second round of stimulus checks approved by Congress in the Response and Relief Act, the Treasury...
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What's in the December Jobs Report
Read moreThe Bureau of Labor Statistics this morning released its monthly jobs report which showed a net loss of 140,000 jobs during the month of December. The...
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Breaking Down $3.4 Trillion in COVID Relief
Read moreWith the passage of the Response & Relief Act, Congress has now allocated around $4 trillion of COVID relief at a net cost of over $3.4 trillion...
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2021 Deficit On Course to Hit $2.3 Trillion
Read moreIn light of the enactment of the year-end spending and COVID relief deal, we estimate the deficit will total $2.3 trillion for Fiscal Year (FY) 2021...
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Maya MacGuineas Joins Fox Business to Fiscal Policy After Georgia Senate Runoffs
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently appeared on Fox Business to discuss what the political and economic...