Latest
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IRA Energy Provisions Cost Could Double With New Emissions Rule
Read moreLast April, the Environmental Protection Agency (EPA) proposed a new rule for stricter vehicle emissions standards starting in model year (MY) 2027...
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Mike Murphy: A bipartisan fiscal commission could help lawmakers address our looming debt issues
Read moreMike Murphy is senior vice president and chief of staff at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The...
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What Would It Take To Fix the Debt?
Read moreIt would take about $8 trillion of ten-year savings to stabilize debt as a share of the economy and about $15 trillion to balance the budget under the...
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Treasury: $532 Billion Deficit in First 4 Months of Fiscal Year
Read moreThe United States borrowed $532 billion in the first four months of fiscal year 2024, including $22 billion in January, according to the latest...
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Interest Costs Will Leapfrog Medicare and Defense This Year
Read moreInterest on the debt is the fastest growing part of the budget. Net interest payments will exceed both defense and Medicare spending this year, in...
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The Deficit Was $1.8 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.8 trillion over the past 12 months, up $70 billion from Fiscal Year (FY) 2023, or 4.2 percent. The 12-month...
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CBO Projects Debt to Exceed Record in 4 Years
Read moreThe Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will eclipse its record...
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CBO Releases February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its February 2024 Budget and Economic Outlook, its first full ten-year baseline and economic...
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CBO's February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office released its February 2024 Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over...
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Senate Set to Consider $118 Billion National Security & Border Package
Read moreThe Senate is set this week to consider the National Security and Supplemental Appropriations Act that combines aid to Ukraine and Israel with border...
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Maya MacGuineas: Social Security is in trouble. Most candidates won’t admit it.
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Supplemental Payments Drive Up Federal Medicaid Costs
Read moreThis paper is part of a series on Medicaid financing. Other papers in the series discuss an overview of state financing schemes and provider taxes...