The federal government borrowed $1.9 trillion over the past year – August 2024 to July 2025 – based on estimates from the Congressional Budget Office...

On August 7, the Trump Administration finalized a new set of “reciprocal tariff rates” that generally range from 10 to 41 percent. Assuming they...

“Pay-As-You-Go” or PAYGO rules and laws require offsets for new tax cuts and mandatory spending so they do not add to the debt. 1 Too often these...

Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on Fox Business' "Mornings With Maria" to discuss CBO...

Earlier this month, the President signed the 2025 reconciliation law – also known as the “One Big Beautiful Bill Act” (OBBBA). The law extended and...

In a recent LA Times op-ed, Centers for Medicare & Medicaid Services (CMS) Administrator Dr. Mehmet Oz and Deputy Administrator Kimberly Brandt...

Updated 7/31/25: On July 24, President Trump signed a recissions package which rescinds $9 billion in federal funding that had previously been...

Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on MSNBC's "Ana Cabrera Reports" to discuss the latest...

Representatives Ben Cline (R-VA) and Jared Golden (D-ME) introduced the Fiscal Contingency Preparedness Act (FCPA) today. This bill was also...

The discretionary spending caps put in place under the 2023 Fiscal Responsibility Act (FRA) are scheduled to expire on October 1. As lawmakers work to...