Latest
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Rescinding COVID Relief Funds Saves $30 Billion
Read moreAs policymakers negotiate a deal to raise the debt ceiling and reduce deficits, reports suggest that rescinding remaining COVID relief funds may be an...
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Student Debt Cancellation Should Be Repealed
Read moreThe House of Representatives will vote today on a joint resolution disapproving the President’s August 2022 student loan cancellation plan and...
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Maya MacGuineas on C-SPAN's "Washington Journal"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined C-SPAN's "Washington Journal" to talk about the ongoing...
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Maya MacGuineas on CNBC's "Power Lunch"
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined CNBC's "Power Lunch" to discuss the debt ceiling negotiations...
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Debt Explodes Under Alternative Scenarios
Read moreThe Congressional Budget Office's (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product...
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Interest Overtakes Kids' Spending
Read moreInterest on the debt is the fastest growing item in the federal budget, and in Fiscal Year (FY) 2023 the federal government will spend more on net...
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Meeting Fiscal Goals Under CBO's May 2023 Baseline
Read moreWe estimate that it would take $16.0 trillion of deficit reduction to balance the budget over a decade, $3.5 trillion to stabilize debt at 110 percent...
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CBO Projections Highlight Need for Deficit Reduction
Read moreToday, the Congressional Budget Office (CBO) released its Updated Budget Outlook, which presents a new ten-year baseline that incorporates new...
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CBO Releases May 2023 Baseline
Read moreThe Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable...
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Maya MacGuineas on Bloomberg's "Balance of Power"
Read moreCommittee president Maya MacGuineas recently joined Bloomberg Television's "Balance of Power" with Kailey Leinz and Joe Mathieu to discuss what...
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Treasury Confirms $925 Billion Deficit For First 7 Months of Fiscal Year 2023
Read moreIn the first seven months of fiscal year 2023, the United States borrowed $925 billion, according to the latest Monthly Treasury Statement from the...
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Policymakers Need to Raise the Debt Ceiling
Read moreToday, President Biden, Speaker McCarthy, Leader Jeffries, Leader Schumer, and Leader McConnell met at the White House for a discussion on raising the...