Latest
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Lawmakers Should Avoid Year-End Tax Cut Binge
Read moreAccording to press reports, lawmakers are considering a year-end tax package that would combine a temporary expansion of the Child Tax Credit with the...
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Maya MacGuineas on CNBC's "The Exchange"
Read moreCommittee president Maya MacGuineas recently joined CNBC's "The Exchange" with Kelly Evans to discuss the recent downgrade of the U.S. debt outlook by...
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Options Floated to Offset Israel Aid Package
Read moreCongress is currently considering $14.3 billion of supplemental emergency funding to aid Israel and Gaza, with the House having passed a version that...
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Treasury Confirms $67 Billion Deficit in First Month of Fiscal Year
Read moreThe United States borrowed $67 billion in the first month of fiscal year 2024, according to the latest Monthly Treasury Statement from the Treasury...
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TCJA Expansions Could Balloon Cost of Extensions
Read moreExtending various income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) expiring after 2025 would cost $3.4 trillion through 2035...
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CRFB Applauds Fiscal Stability Act
Read moreToday, in a show of fiscal leadership and bipartisanship, Senators Joe Manchin (D-WV) and Mitt Romney (R-UT) announced the Fiscal Stability Act , a...
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Government Shutdowns Q&A: Everything You Should Know
Read moreThis paper has been updated here. The first continuing resolution (CR) for fiscal year (FY) 2024 expires on November 17, 2023, and Congress has so far...
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CBO Estimates $65 Billion Deficit For First Month of Fiscal Year
Read moreSince Fiscal Year (FY) 2024 began on October 1, the United States has already borrowed $65 billion, according to the latest Monthly Budget Review...
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Paying for Emergency Funding
Read moreAs Congress considers $14 billion of emergency funding to aid Israel and potentially tens of billions more in other one-time foreign and domestic...
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CBO: Israel Supplemental Costs $27 billion
Read moreThe House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the...
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Chartbook: R versus G and the National Debt
Read moreOn October 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on the...
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Moore v. US Ruling Could Widen Deficits, Upend Tax Law
Read moreA pending Supreme Court case, Moore v. United States, could have implications that undermine existing tax law, upend the tax code, and cost the U.S...