Latest
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Lawmakers Now Three Months Past Budget Due Date
Read moreThe Congressional Budget Act states that Congress must pass its concurrent budget resolution on April 15 th of each year, but no action has been taken...
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Reconciliation Criticisms Are Off Base
Read moreAs possible elements of a deficit-reducing reconciliation agreement have emerged, critics have attacked the plan for increasing recession risk...
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Risks and Threats from Deficits and Debt
Read moreAfter two decades of uninterrupted borrowing – including three years in which deficits surpassed 10 percent of the economy – the U.S. national debt is...
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Surging Inflation Highlights Need for Deficit Reduction, Not Tax Cuts
Read moreCPI inflation set another forty-year record today, rising by 1.3 percent this month and 9.1 percent over the past year. CPI has already risen more...
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Reconciliation Should Reduce Deficits, Fight Inflation, and Strengthen Medicare
Read moreAs negotiations have resumed over a potential reconciliation bill, policymakers should maintain focus on combining any new spending and tax breaks...
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CBO Estimates Drug Savings for Reconciliation
Read moreThe Congressional Budget Office (CBO) released estimates of the draft text for a prescription drug package that could be part of an upcoming...
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Just How Big Are Federal Interest Payments?
Read moreAccording to the Congressional Budget Office's (CBO) latest baseline, the federal government will spend $400 billion on interest payments on the...
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Reconciliation Could Improve Medicare Solvency
Read moreAccording to press reports, policymakers are considering broadening the base of the 3.8 percent Net Investment Income Tax (NIIT) or self-employment...
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The Fed’s Latest Economic Projections Show Higher Inflation, Lower Growth
Read moreThe Federal Open Market Committee (FOMC) of the Federal Reserve released updated economic projections at its meeting last month. Along with the FOMC’s...
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Marc Goldwein: The Fed Needs a Helping Hand to Fight Inflation
Read moreMarc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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ARCHIVE #2: How Long Before Cancelled Student Debt Would Return?
Read moreNote: This analysis has been updated from the original version to reflect new estimates of how long it would take for the amount of student debt owed...
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Strategies to Lower Health Care Prices from KFF
Read moreAlthough most federal health spending goes to Medicare and Medicaid, the government is projected to lose over $350 billion of income and payroll tax...