Latest
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Fiscal Policy in a Time of High Inflation
Read moreInflation is currently surging at the fastest rate in more than four decades, with the Consumer Price Index (CPI) up 8.2 percent over the past year...
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FY 2022 Deficit Totals $1.4 Trillion
Read moreThe Congressional Budget Office (CBO) today released its final monthly budget review of Fiscal Year (FY) 2022, which shows that the budget deficit...
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Student Debt Cancellation is Not Financially Justified
Read moreThe White House has justified the unilateral implementation of its $400 billion student debt cancellation plan based on authority the Secretary of...
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Is Biden's Student Debt Cancellation Plan Still Regressive?
Read moreThe Biden Administration’s new $420 billion student debt cancellation and repayment pause plan will deliver the majority of the benefits to those in...
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U.S. Gross Debt Tops $31 Trillion
Read moreThe gross national debt of the United States eclipsed $31 trillion yesterday, just nine months after the federal government’s gross debt exceeded $30...
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Congress Avoids a Shutdown, But End-of-Year Package Could Be Costly
Read moreLawmakers passed a continuing resolution (CR) today to sustain current funding levels and avoid a government shutdown in the final hours of the fiscal...
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Legislation to Bring Transparency to MA Introduced
Read moreRepresentative Katie Porter (D-CA) introduced legislation this week that would require Medicare Advantage (MA) plans to provide data on supplemental...
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Committee Co-Chair Timothy Penny on KROC Minnesota Radio
Read moreCommittee for a Responsible Federal Budget Co-Chair Timothy Penny, former representative for Minnesota’s first Congressional district and president...
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President Should Offer Plan to Secure Social Security & Medicare
Read morePresident Biden delivered remarks today at the White House on Social Security and Medicare. The following is a statement from Maya MacGuineas...
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Upcoming CR Shows Broken Budget and Debt Addiction
Read moreLawmakers are considering a continuing resolution (CR) to keep the government from shutting down when funding lapses on Friday, September 30th at the...
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Debt Cancellation is Too Costly, CBO Confirms
Read moreToday, the Congressional Budget Office (CBO) estimated that the Administration’s proposal to cancel up to $10,000 or $20,000 of debt per student loan...
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Student Loan IDR Changes Are Highly Problematic, Report Shows
Read moreWhile much attention has been paid to President Biden's costly and inflationary plan to cancel $10,000 to $20,000 of student debt, his proposed...