Latest
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CBO Reports $2.1 Trillion Deficit for First Eight Months of FY 2021
Read moreFor Immediate Release The United States borrowed nearly $2.1 trillion in the first eight months of fiscal year 2021, according to the latest Monthly...
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COVID Relief Continues to Bolster Personal Income
Read moreNew data from the Bureau of Economic Analysis (BEA) for the month of April shows that disposable personal income (DPI) was 12.0 percent above pre...
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Maya MacGuineas: Biden's Budget Reflects His Priorities, but Leaves Debt Unchecked
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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Breaking Down the Proposals in the President's FY 2022 Budget
Read moreLast week, the Biden Administration released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...
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Time is Running Out to Save Social Security
Read moreSocial Security, the nation's largest and arguably most important government program, is only a few years from insolvency. Economists Jeffrey Brown...
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Partial Student Debt Cancellation is Poor Economic Stimulus
Read moreLast year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and speculated...
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Bipartisan Senate Highway Bill Needs Offsets
Read moreThe Senate Environment and Public Works (EPW) Committee recently marked up and unanimously passed a bipartisan highway reauthorization bill. The bill...
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An Overview of the President’s FY 2022 Budget
Read moreMoments ago, President Joe Biden unveiled his Fiscal Year (FY) 2022 budget proposal, outlining his tax and spending proposals and their effects on the...
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President Biden's Full FY 2022 Budget
Read moreThe Biden Administration today released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...
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President's Budget Does Little to Address High and Rising Debt
Read moreFor Immediate Release President Biden just released his Fiscal Year (FY) 2022 budget, the first full budget of his presidency, which lays out his tax...
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What We Hope to See in the President's FY 2022 Budget
Read moreThe White House is slated to release President Biden’s first full budget proposal this Friday. Although the Fiscal Year (FY) 2022 budget request will...
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CBO Releases Budget Projections Under Three Scenarios
Read moreLast week, the Congressional Budget Office (CBO) released a letter outlining how enacted legislation and certain amounts of additional spending would...