Latest
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Comparing CBO’s Economic Projections to Other Forecasts
Read moreGrowth in the economy will slow over the coming year as unemployment rises and inflation eases modestly, according to the Congressional Budget Office...
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New CBO Estimate Should Send IDR Plan Back to Drawing Board
Read moreThe Congressional Budget Office (CBO) estimates the President’s proposed income-driven repayment (IDR) plan for student loans will cost $230 billion...
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House Freedom Caucus Proposes up to $3.7 Trillion in Savings for Debt Ceiling Vote
Read moreThe House Freedom Caucus released today a proposal for the upcoming debt ceiling negotiations. Its members call for repealing the announced student...
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Maya MacGuineas: Doing nothing on Social Security and Medicare will be a painful and costly decision
Read morePresident Joe Biden and former President Donald Trump share little in their political philosophies and governing styles. But both have demonstrated...
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Maya MacGuineas: Is cutting the deficit by $3 trillion enough? Not even close
Read moreThis is a particularly important year for budgeting given three things: the need to lift the debt ceiling, the nation’s dangerous fiscal trajectory...
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Treasury: $262 Billion Deficit in February
Read moreThe Treasury Department released its latest Monthly Treasury Statement today, showing that the United States borrowed $262 billion in the month of...
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An Overview of the President's FY 2024 Budget
Read moreMoments ago, the Biden Administration released its Fiscal Year (FY) 2024 budget proposal, outlining some of the President's tax and spending...
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Analysis of the President's FY 2024 Budget
Read moreThe Biden Administration released its Fiscal Year (FY) 2024 budget proposal today, outlining President Biden’s priorities over the next decade. The...
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CRFB Reacts to the President’s FY 2024 Budget
Read morePresident Biden released his Fiscal Year (FY) 2024 budget request moments ago, outlining his tax and spending priorities over the next decade. Under...
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CBO Briefing Shines Light on Our Fiscal Challenges
Read moreLater today, Congressional Budget Office (CBO) Director Phillip Swagel will brief members of the House of Representatives on the Budget and Economic...
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CRFB Welcomes Plan to Put Medicare Solvency On the Table
Read moreToday, President Biden previewed a new plan to improve the solvency of the Medicare Hospital Insurance (HI) trust fund. The plan would increase the...
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2022 Inflation Hit a 41 Year Record
Read moreInflation surged at the fastest pace since 1981 last year, based on the final Consumer Price Index (CPI) and Personal Consumption Expenditure Price...