Latest
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CRFB Reacts to the President’s FY 2024 Budget
Read morePresident Biden released his Fiscal Year (FY) 2024 budget request moments ago, outlining his tax and spending priorities over the next decade. Under...
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CBO Briefing Shines Light on Our Fiscal Challenges
Read moreLater today, Congressional Budget Office (CBO) Director Phillip Swagel will brief members of the House of Representatives on the Budget and Economic...
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CRFB Welcomes Plan to Put Medicare Solvency On the Table
Read moreToday, President Biden previewed a new plan to improve the solvency of the Medicare Hospital Insurance (HI) trust fund. The plan would increase the...
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2022 Inflation Hit a 41 Year Record
Read moreInflation surged at the fastest pace since 1981 last year, based on the final Consumer Price Index (CPI) and Personal Consumption Expenditure Price...
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What We Hope to See in the White House and Congressional Budgets
Read moreThe White House will release President Biden’s Fiscal Year (FY) 2024 budget proposal on Thursday, and then the Budget Committees should meet their...
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The Debt Ceiling and Fiscal Reforms
Read moreWith federal debt subject to the limit currently at $31.38 trillion, the federal government has officially run up against its debt ceiling. In January...
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81 Percent of Spending Growth Will Come from Health Care, Social Security, and Interest
Read moreThe Congressional Budget Office (CBO) projects that budget deficits will double from $1.4 trillion in Fiscal Year (FY) 2023 to nearly $2.9 trillion by...
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Good Management of Medicare Advantage is Not a “Cut” to Medicare
Read moreAlthough politicians often speak of wanting to target “waste, fraud, and abuse” in government programs, there is currently an effort to prevent the...
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Net Interest Will Total $10.5 Trillion Over the Next Decade
Read moreOne of the fastest-growing expenditures over the next decade will be net interest on the national debt, according to the latest projections from the...
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What Would It Take to Balance the Budget? An Update
Read moreThe analysis below updates our previous analysis " What Would It Take to Balance the Budget?" to account for the Congressional Budget Office's latest...
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CBO's Latest Projections Make Fiscal Goals More Difficult
Read moreFederal debt held by the public is on track to exceed its record as a share of the economy – 106 percent of Gross Domestic Product (GDP), set just...
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Protect Our Seniors Act Would Threaten Trust Fund Solvency and Worsen Deficits
Read moreLast week, Senator Rick Scott (R-FL) introduced a bill called the Protect Our Seniors Act that would establish a new Senate rule requiring two-thirds...