Latest
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Ten Options to Secure the Social Security Trust Fund
The Social Security trust funds are expected to be insolvent by 2033 according to the Congressional Budget Office (CBO) and by 2035 according to the...
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CBO Reports $259 Billion Deficit for First 4 Months of Fiscal Year
The United States borrowed $259 billion in the first four months of fiscal year 2022, with a $119 billion surplus in January, according to the latest...
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Third CR Emblematic of Broken Budget Process
The House of Representatives just passed a continuing resolution (CR) funding the government at last fiscal year’s funding levels for an additional...
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Ten Options to Secure the Highway Trust Fund
Accounting for the enactment of the bipartisan infrastructure law (formally, the Infrastructure Investment and Jobs Act), we estimate the Highway...
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COMPETES Act is Missing a Score and Offsets
The House of Representatives is set to vote on the America COMPETES Act of 2022 soon, which is its version of the Senate-passed United States...
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The Infrastructure Bill’s Impact on the Highway Trust Fund
In addition to new investments in surface transportation, transit, broadband, energy, water, tax breaks, and other transportation spending, the...
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A Smaller Reconciliation Bill Should Retain Offsets
Policymakers are currently considering if and how to develop new legislation, in place of the House Build Back Better Act, under the reconciliation...
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New Report Shows Student Debt Cancellation is Regressive
Recently, Adam Looney, Executive Director of the Marriner S. Eccles Institute at the University of Utah and a Nonresident Senior Fellow in Economic...
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The Case for Restoring Discretionary Spending Caps
On February 18, 2022, the current continuing resolution will expire, and legislation will be needed to continue funding the federal government...
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Policymakers Shouldn't Weaken Build Back Better Surtax
To help finance new spending and tax breaks, the House-passed Build Back Better Act (and the Senate Finance Committee’s version) includes a high...
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Build Back Better Drug Reforms Would Lower Costs
The House-passed Build Back Better Act includes several reforms to reduce prescription drug costs for the federal government, seniors, and the public...
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What Does Student Debt Cancellation Mean for Federal Finances?
We've previously estimated that cancelling all federal student debt would cost the same as the outstanding value of the loans, which is currently $1.6...