Latest
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Student Borrowers Deserve Solutions, Not More Legal Battles
Read moreLast week, the Department of Education announced it will take the “next step toward additional debt relief” for student loan borrowers. In particular...
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CBO's June 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office recently released its June 2024 Update to the Budget and Economic Outlook. This report updates the February 2024...
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Reconciliation for Deficit Reduction
Read moreNext year, Members of Congress may choose to use a mechanism known as reconciliation to fast-track the enactment of tax or spending changes. The...
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Donald Trump's Suggestion to End Taxation of Social Security Benefits
Read moreEarlier today, former President Donald Trump suggested eliminating the partial income taxation of Social Security benefits, which currently helps fund...
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Gross National Debt Reaches $35 Trillion
Read moreThe gross national debt of the United States reached $35 trillion last Friday, seven months after the previous milestone reached at the end of last...
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Meeting Fiscal Goals Under CBO’s June 2024 Baseline
Read moreIt would require nearly $10 trillion of deficit reduction to stabilize debt at its current share of the economy over the next decade, according to the...
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Bipartisan Fiscal Forum Leaders Letter Calls to Address Debt
Read moreBipartisan Fiscal Forum co-chairs Rep. Scott Peters (D-CA) and Rep. Bill Huizenga (R-MI) recently led a letter to House Speaker Mike Johnson (R-LA)...
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Trump and Biden: Partisan Breakdown of New Debt
Read moreIn their time in office, both former President Trump and President Biden approved trillions of dollars in new ten-year borrowing both for COVID...
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Trump and Biden: Timing of New Debt
Read moreIn a recent analysis , we estimated that President Trump approved $8.4 trillion of new ten-year borrowing during his term in office, while President...
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Tom Tauke: Neither Joe Biden nor Donald Trump seems willing to address the national debt
Read moreTom Tauke is a director at the Committee for a Responsible Federal Budget and former congressman from Iowa. He recently wrote an opinion piece in the...
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Maya MacGuineas: The Galling Mistake That Led The US To Its Current Debt Problem
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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Pell Grant Shortfall Remains a Threat
Read morePell Grant costs will exceed new funding over the next decade, based on the latest Congressional Budget Office (CBO) baseline, depleting nearly all...