Latest
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Maya MacGuineas: Washington should make a pledge: No new debt for the rest of 2022
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Student Loan Pause Could Cost $275 Billion
Read moreNote: (11/22/2022): The Department of Education announced it would extend the pause to the sooner of 60 days after resolution of the student debt...
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Year-End Borrowing Could Worsen Deficits and Inflation
Read moreWith inflation surging and debt approaching record levels, policymakers should avoid worsening the deficit and should at least pledge to add no new...
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Maya MacGuineas: Can Congress go 44 days without piling on more debt?
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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EARN Act Would Cost $80 Billion Without Gimmicks
Read moreThis analysis is an update to a previous analysis of the Enhancing American Retirement Now Act to account for the introduction of the legislation...
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New Projection: Federal Debt Will Reach Record Levels Sooner Than Expected
Read moreThe nation’s fiscal and economic outlook has deteriorated substantially since the last Congressional Budget Office (CBO) baseline in May, when CBO...
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Policymakers Should Commit To No New Borrowing In 2022
Read moreLawmakers are contemplating a year-end package that could include increased appropriations along with a variety of tax breaks and spending increases...
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Student Debt Payments Should Restart As Scheduled
Read moreThe 33-month pandemic-era pause on student loan repayments is scheduled to end on December 31, after which borrowers will begin making loan payments...
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IRS Releases Updated Tax Gap Analysis
Read moreThe Internal Revenue Service (IRS) recently released an updated analysis of the “ tax gap” – the difference between taxes owed to the federal...
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CBO Reports $83 Billion Deficit in First Month of Fiscal Year
Read moreThe United States borrowed $83 billion in October, according to the latest Monthly Budget Review from the Congressional Budget Office. The following...
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Mitch Daniels: Modern Monetary Theory, debunked everywhere except among government big-spenders
Read moreMitch Daniels is the president of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget, and a co...
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Q&A: Everything You Should Know About the Debt Ceiling
Read moreThis paper has been updated. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last...