Latest
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Interest Costs Would Explode with $5.5 Trillion Reconciliation Package
Read moreA recent press report indicated that House leadership may be considering a budget resolution that would allow up to $5.5 trillion of net primary...
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Pell Grant Program Is In Serious Trouble
Read moreThe Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion to $111 billion ten-year...
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Debt-to-GDP Growth Could Double with a $5.5 Trillion Bill
Read moreAccording to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to allow up to $5.5...
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How Much Revenue Will Trump's Tariffs Raise?
Read moreOn February 1, 2025, President Trump signed three executive orders imposing new tariffs on goods from China, Canada, and Mexico. Below is an update of...
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Reconciliation Should Indeed Reduce Budget Deficits
Read moreThe Republican Study Committee (RSC) Steering Committee released their position calling for deficit reduction in the upcoming budget reconciliation...
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Meeting Fiscal Goals Under CBO’s January 2025 Baseline
Read moreStabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the...
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Weakening the SALT Cap is Costly, Benefits High-Earners, & Increases Tax Complexity
Read moreThe Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) deduction cap, which is set...
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CBO’s Discretionary Savings Options
Read moreThe Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of policy options to reduce the...
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More than 4/5 of Spending Growth Will Come from Social Security, Health, & Interest
Read moreFrom Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About...
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Current Policy Baseline Would Set Dangerous Precedent
Read moreAs lawmakers continue to prepare for using budget reconciliation to enact their priorities, some continue to suggest that they should use a “current...
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FY 2025 & 2026 Budget Resolution Principles
Read moreA fiscally responsible budget resolution should abide by the following principles: Set a meaningful fiscal goal with a plan to meet that goal The...
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Maya MacGuineas on CNBC's "Squawk Box"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas joined CNBC's "Squawk Box" to discuss the nation's fiscal outlook, President...