Latest
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IRA Will Help Fed Fight Inflation
Read moreA recent Penn Wharton Budget Model (PWBM) study has been used by opponents to claim the Inflation Reduction Act (IRA) would increase rather than...
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Maya MacGuineas: Five ways national debt is canceling our future
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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New Economic Data Highlights Need to Fight Inflation, Not Add To It
Read moreThis morning, the Bureau of Economic Analysis estimated that Personal Consumption Expenditures (PCE) inflation rose by 1.0 percent in June and 6.8...
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Event Recap: Medicare and Inflation
Read moreOn July 27, the Committee for a Responsible Federal Budget hosted an event on " Medicare and Inflation." The event featured opening remarks from Josh...
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Extending the Student Loan Payment Pause is Bad Policy
Read moreNote: (8/30/2022): Since the publication of this blog the Biden Administration announced another four-month extension to the student loan pause...
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What's In the Inflation Reduction Act?
Read moreUpdate (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
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Analysis of CBO's July 2022 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its July 2022 Long-Term Budget Outlook. Although CBO’s extended baseline is based on outdated...
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CBO Releases July 2022 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...
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CBO’s Long-Term Budget Outlook Forecasts Debt In Uncharted Territory
Read moreThe Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 185 percent of GDP by 2052 under CBO’s...
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Senate Insulin Proposal to Increase Prescription Drug Costs
Read moreThe Senate may soon vote on the bipartisan Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN) Act, a bill designed to cap...
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The Economy Needs an Inflation Reduction Act
Read moreSenator Joe Manchin (D-WV) just announced an agreement with Senate Majority Leader Chuck Schumer (D-NY) to vote on the Inflation Reduction Act of 2022...
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Budget Offsets Bank, July 2022
Read moreThe federal debt is nearly the size of the economy, and deficits are expected to exceed $1 trillion almost every year going forward. In order to help...