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Assessing FY 2026 Appropriations
Read moreWithout further appropriations, the federal government faces a partial government shutdown on January 30 as the continuing resolution (CR) funding...
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White House Releases "Great Healthcare Plan"
Read moreToday, the Trump Administration released the Great Healthcare Plan, a legislative framework designed to lower health care costs and address the...
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Treasury Confirms $602 Billion Deficit in First Three Months of FY 2026
Read moreThe United States borrowed $602 billion in the first three months of Fiscal Year (FY) 2026, including $145 billion in the month of December, according...
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Washington Post Highlights 3% of GDP Deficit Resolution
Read moreThe Washington Post’s Editorial Board recently published a piece applauding the introduction of a new resolution calling for a 3% of Gross Domestic...
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Lawmakers Call for a Bipartisan Fiscal Commission
Read moreThe Problem Solvers Caucus (PSC) announced its Fiscal Stability Framework last week, which sounds the alarm about the national debt, endorses two...
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12-Month Rolling Deficit is $1.7 Trillion in Calendar Year 2025
Read moreThe federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The...
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CBO Estimates $601 Billion Deficit for First Three Months of FY 2026
Read moreThe United States borrowed $601 billion in the first three months of Fiscal Year (FY) 2026, including $143 billion in December, according to the...
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Lawmakers Introduce a Bipartisan Resolution in Support of a 3% Deficit-to-GDP Target
Read moreRepresentatives Bill Huizenga (R-MI) and Scott Peters (D-CA), co-chairs of the Bipartisan Fiscal Forum, joined by Representatives Lloyd Smucker (R-PA)...
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WSJ: The Next Class of Senators Won't Be Able to Dodge the Social Security Crunch
Read moreIn a recent Wall Street Journal article, Richard Rubin highlighted an important fact: the Social Security retirement trust fund is projected to become...
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CRFB Applauds Introduction of 3% Deficit Target Resolution
Read moreBipartisan Fiscal Forum (BFF) co-chairs Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA), along with BFF Members, Representatives Lloyd...
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$1.5 Trillion Military Budget Would Add $5.8 Trillion to Debt Over Decade
Read moreNote: An update to this blog to incorporate an additional year of the budget window as well as higher interest rates can be found here. In a post on...
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Top 13 Fiscal Charts of 2025
Read moreIt was an eventful year for fiscal policy in 2025. With large parts of the Tax Cuts and Jobs Act (TCJA) set to expire, lawmakers used the...