Latest
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Moody's: Widening Deficit Foreshadows Decline in U.S. Fiscal Strength
Read moreWith last year's deficit growing to $779 billion, Moody's Investors Service yesterday warned that the country's fiscal position is on a "gradual...
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Riedl Proposes Debt Reduction Plan
Read moreBrian Riedl, a senior fellow at the Manhattan Institute, recently released a budget plan to stabilize debt over the long term. The plan proposes...
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OMB and Congress Propose New Way to Budget for Federal Buildings
Read moreUPDATE: Senator Chris Van Hollen (D-MD) introduced a version of this policy on May 27, 2021. Read about his legislation here. Both lawmakers and...
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FY 2018 Deficit Was $779 Billion
Read moreFor Immediate Release The Treasury Department today released a report showing the official fiscal year 2018 deficit was $779 billion, an increase of...
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Treasury: 2018 Deficit was $779 Billion
Read moreThe Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...
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Chartbook: Budgeting for the Next Generation
Read moreThis chartbook corresponds to our project " Budgeting for the Next Generation"
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CBO Shows $782 Billion Deficit for FY 2018
Read moreLate last week, the Congressional Budget Office (CBO) released its estimate of the final FY 2018 deficit. CBO estimates that the deficit increased to...
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Q&A: Everything You Should Know About Government Shutdowns
Read moreThis paper has been updated here. The fiscal year began on September 30, has only passed 5 of 12 appropriations bills setting spending levels. If...
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A Fiscal Year Defined by $2.4 Trillion In New Debt
Read moreTypically, we mark the end of the fiscal year, which will occur on Monday, by reviewing important numbers for the previous fiscal year. This year, one...
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Budgeting for the Next Generation: Options to Improve Budgeting for Children
Read moreChildren have less ability to meet their needs in the short term and more potential in the long term than other age groups, but federal policy does...
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JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth
Read moreThe Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...
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Appropriations Process Still Broken
Read moreFor Immediate Release Congress has passed a minibus appropriations bill containing two of the 12 appropriations bills and a continuing resolution...