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CRFB Reacts to Wyden-Smith Tax Cut Deal
Read moreToday, Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) announced a potential tax cut...
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Government Shutdowns Q&A: Everything You Should Know
Read moreThis paper has been updated here. The second continuing resolution (CR) for fiscal year (FY) 2024 expires in two tranches, the first of which funds 4...
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The Deficit Hit $1.8 Trillion in Calendar Year 2023
Read moreThe federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
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Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,...
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From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreIn 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government...
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How Much Did President Trump Add to the Debt?
Read moreNote: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
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Maya MacGuineas on Bloomberg TV's "Wall Street Week"
Read moreCommittee president Maya MacGuineas recently joined "Wall Street Week" with David Westin to discuss President Joe Biden and Donald Trump's policy...
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Budget Agreement Should Pave Way for Appropriations
Read moreHouse and Senate leadership announced a topline agreement yesterday on appropriations levels for Fiscal Year (FY) 2024. The agreement would maintain...
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OMB & CBO Release Memos on FY 2024 Discretionary Spending Limits
Read moreThe Office of Management and Budget (OMB) recently released a Frequently Asked Questions document and the Congressional Budget Office (CBO) published...
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GAO Recommends Actions to Reduce Tax Gap
Read moreThe Government Accountability Office (GAO) recently released revised recommendations for the Treasury Department and the Internal Revenue Service (IRS...
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Gross National Debt Tops $34 Trillion; Third Milestone in 12 Months
Read moreThe gross national debt of the United States topped $34 trillion Friday after topping $33 trillion in September, the U.S. Treasury confirmed today...
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Top 10 Fiscal Charts of 2023
Read moreFiscal policy was once again at the forefront of congressional debates in 2023, giving us many opportunities to write about and illustrate the...