Latest
-
CBO Estimates $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreIn the first ten months of fiscal year 2023, the United States borrowed $1.6 trillion, with a $228 billion deficit in July, according to the latest...
-
Retirees Face a $17,400 Cut if Social Security Isn't Saved
Read moreAs the 2024 presidential campaign ramps up, candidates are facing pressure to pledge not to touch Social Security. While this pledge is framed as...
-
The Deficit Was $2.3 Trillion Over Past Year
Read moreThe federal budget deficit totaled $2.3 trillion over the past 12 months, up 65 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
-
Rising Debt Could Reduce Income Growth by One-Third
Read moreA high and rising national debt poses a series of risks and threats, including slower income and wage growth. A new report from the Congressional...
-
The World Economic Outlook Projects Stronger Growth and Still High Inflation
Read moreThe International Monetary Fund (IMF) released its July 2023 World Economic Outlook, projecting global economic growth will fall from 3.5 percent in...
-
Mike Pence's Plan to End Inflation
Read moreLast week, former Vice President and current GOP Presidential candidate Mike Pence released a multi-part plan meant to combat inflation by cutting...
-
Build Your Own Child Tax Credit – A Web-Based Version
Read moreThe Child Tax Credit (CTC) has become a topic of significant debate among policymakers as they wrestle with determining its appropriate size...
-
U.S. Downgrade Shows the Importance of Taking Our Fiscal Situation Seriously
Read moreFitch Ratings downgraded the U.S. credit rating from AAA to AA+ today, citing continued erosion of governance, fiscal deterioration, and growing...
-
Site-Neutral Legislative Proposals Gaining Traction
Read moreOne of the best ways to reduce health care costs would be to move towards “ site-neutral” payments and away from the current system’s inefficient...
-
The Case for Raising the Social Security Retirement Age
Read moreThe Committee for a Responsible Federal Budget’s Marc Goldwein recently appeared on the “Open to Debate” podcast to discuss the benefits of raising...
-
CBO's Alternative Long-Term Budget Projections
Read moreThough the Congressional Budget Office's (CBO) latest Long-Term Budget Outlook projects that federal debt held by the public will reach 181 percent of...
-
Maya MacGuineas on Bloomberg TV's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg Television's "Balance of Power" with Annmarie Hordern and Joe Mathieu to discuss the...