Latest
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Moody’s Downgrade Highlights Seriousness of Fiscal Situation
Read moreThe credit rating agency Moody’s downgraded the credit rating of the US government from “Aaa” to “Aa1,” specifically noting that they “do not believe...
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Fiscal Commission Would Be Step In the Right Direction
Read moreRepresentatives Bill Huizenga (R-MI) and Scott Peters (D-CA), Co-Chairs of the Bipartisan Fiscal Forum , this week introduced bipartisan legislation...
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House Reconciliation Bill Would Massively Increase Near-Term Deficits
Read moreThe House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt including interest or $5.2...
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Adding Up the House Reconciliation Bill
Read moreUpdate (5/21/2025): CBO released a score of all titles but not a full cost estimate with interactions; our analysis of that score is here . The...
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Further SALT Relief Would Be a Mistake
Read moreThe House reconciliation bill extends the cap on the state and local tax (SALT) deduction, raising it to $30,000 for taxpayers making less than $400...
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Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits
Read moreThe House Ways & Means Committee is set to mark up its title of the Fiscal Year (FY) 2025 reconciliation bill on Tuesday. The Joint Committee on...
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A Tale of Two Committees
Read moreThe House Ways & Means and Energy & Commerce Committees will mark up their reconciliation proposals tomorrow. The Ways & Means draft includes...
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Energy & Commerce Draft Would Help Limit Medicaid Gaming
Read moreThe House Energy & Commerce (E&C) Committee recently released its proposed reconciliation legislation, which is expected to save over $900 billion...
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Ways & Means Draft Could Add $5 Trillion to Deficits
Read moreUpdate (5/10/2025): This piece was published prior to the Joint Committee on Taxation's revenue estimate , which totals $4.9 trillion for the bill as...
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New Site-Neutral Bill Introduced in Senate
Read moreSenator John Kennedy (R-LA) introduced the Same Care, Lower Cost Act this week, which would take significant steps toward implementing site-neutral...
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12-Month Rolling Deficit is $2.0 Trillion in April 2025
Read moreThe federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget Office (CBO). Due to...
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CBO Estimates Spending Up $166 billion in 2025
Read moreThe federal government spent $2.4 trillion from January through April 2025 – up $166 billion from January through April 2024, according to new...