Latest
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Case and Womack Renew Efforts with the Sustainable Budget Act
Read moreRepresentatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member...
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Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $2.0 trillion in calendar year 2024...
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CBO Estimates $710 Billion Deficit for First Three Months of Fiscal Year 2025
Read moreThe United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according...
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Deficit Totaled $2.0 Trillion in Calendar Year 2024
Read moreThe federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the Fiscal Year 2024 deficit and...
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Putting Numbers to TCJA Dynamic Feedback Estimates
Read moreAs we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled...
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Weakening the SALT Cap Would be a Costly Mistake
Read moreAccording to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to...
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Budget Offsets Bank
Read moreWith the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and
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Budget Resolution Should Provide a Plan for Realistic Debt Reduction
Read moreLawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that...
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CBO’s “Other Mandatory” Savings Options
Read moreUpdate: The offset options below were estimated prior to enactment of the One Big Beautiful Bill Act (OBBBA) and have not been updated. Some options...
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Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently appeared on Bloomberg's "Balance of Power" to discuss President-elect Trump's comments on the debt...
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Debt Ceiling Q&A
Read moreAfter being suspended by the Fiscal Responsibility Act in 2023, the federal debt ceiling was restored on January 2 and set to the outstanding debt...
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Chris Towner: It’s Time To Get Serious About The Federal Budget Deficit
Read moreChris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal...