Latest
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#SOTU Means It's Time to Play Debt-O!
Read morePresident Obama's final State of the Union address is tonight at 9 p.m. ET. In preparation for his speech, we've brought back our State of the Union...
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CBO's Latest Estimate of the Partial ACA Repeal
Read moreKicking off the new year in style, the Congressional Budget Office (CBO) released its latest estimate of the reconciliation bill passed by the Senate...
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2015’s Fiscal Follies and Reasons for Hope
Read moreIt’s the end of the year and like so many organizations, CRFB wanted to share with you our top 10 list: a look back at Congress’s 10 top fiscal...
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Does the U.S. Spend $80 Billion a Year on Incarceration?
Read moreAt the third Democratic debate, Senator Bernie Sanders (I-VT) said "We are spending $80 billion a year locking up our fellow Americans," using the...
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CBO Releases Detailed Social Security Projections
Read moreAs it often does in December, CBO has released its detailed long-term projections for Social Security that build off the ones released with their long...
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JCT Estimates Over $1.2 Trillion in Tax Breaks in 2015
Read moreThe Joint Committee on Taxation (JCT) recently released its latest estimate of tax expenditures covering the years 2015-2019. Based on the summed cost...
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Policymakers Dig Hole $1.2 Trillion Deeper in 2015
Read moreWith debt already around its highest level as a share of Gross Domestic Product (GDP) other than around World War II and estimated to grow with no end...
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Expectations Vs Reality For the FY 2016 Budget
Read moreWith the first session of the the 114th Congress rapidly drawing to a close and the big budget issues being settled, we will take a look at how the...
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Flake Releases “Wastebook: The Farce Awakens”
Read moreCarrying on the tradition of retired Senator Tom Coburn (R-OK), Senator Jeff Flake (R-AZ) this week released the 2015 edition of the Wastebook: The...
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Omnibus Bill Falls Back on the Usual Budget Gimmicks
Read moreThe negotiations that concluded this week produced two major pieces of legislation. The most consequential for the budget is the $680 billion package...
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The Fiscal Irresponsibility of the Tax Deal in 6 Charts
Read moreIt's no surprise that a deficit-financed tax cut deal costing $830 billion after interest would be bad for the budget. We've been describing the...