Latest
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Maya MacGuineas Discussing New Debt Analysis on Bloomberg "Surveillance"
Read moreCommittee for a Responsible Federal Budget president Maya MacGuineas joined Bloomberg Television's "Surveillance" with hosts Jonathan Ferro, Lisa...
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Trump and Biden: Tax and Spending Changes
Read moreIn a recent analysis, we estimated that former President Donald Trump approved $8.4 trillion of new ten-year borrowing during his four-year term in...
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Trump and Biden: The National Debt
Read moreThe national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by...
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Government Spending Just Keeps on Growing
Read moreThe latest Congressional Budget Office (CBO) baseline shows that federal spending this year will be the largest it’s ever been outside a crisis – far...
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CBO Releases June 2024 Baseline Update
Read moreThe Congressional Budget Office (CBO) today released new ten-year budget and economic projections – an update from its February baseline – again...
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Record Interest Next Year, Record Debt Projected in Just 3 Years
Read moreThe Congressional Budget Office (CBO) released its Update to the Budget and Economic Outlook today, projecting that the national debt will set a new...
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Donald Trump’s Proposal to Exempt Tip Income from Federal Taxes
Read moreUS Budget Watch 2024 is a project of the nonpartisan Committee for a Responsible Federal Budget designed to educate the public on the fiscal impact of...
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Maya MacGuineas Discusses Tax Policy on Bloomberg TV
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined Bloomberg TV's "Balance of Power" with host Joe Mathieu...
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TCJA Extension Could Add $4 to $5 Trillion to Deficits
Read moreOur newly-released Build Your Own Tax Extensions tool is now updated to reflect the most recent estimates by the Congressional Budget Office (CBO) on...
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The Federal Tax Benefits for Nonprofit Hospitals
Read moreMore than half of the nation’s hospitals are designated as “charitable” nonprofit institutions by the Internal Revenue Service (IRS), exempting them...
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CBO Estimates $1.2 Trillion Deficit for First Eight Months of Fiscal Year
Read moreThe United States borrowed $1.2 trillion in the first eight months of fiscal year 2024, including $348 billion in May, according to the latest Monthly...
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Deficit Totaled $1.7 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.7 trillion over the past 12 months, incorporating the $348 billion May deficit estimated by the Congressional...