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Reaching Fiscal Goals Under the Latest Baseline
Read moreThe Congressional Budget Office’s (CBO) latest baseline projects that federal debt held by the public will rise to a record 110 percent of Gross...
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Ten Options to Secure the Medicare Trust Fund
Read moreNote: The first paragraph and the table have been updated from the original version to reflect the 2022 Medicare Trustees' Report and the May 2022 CBO...
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CBO Baseline Shows Troubling Long-Term Outlook
Read moreThe Congressional Budget Office (CBO) recently published its latest Budget and Economic Outlook covering fiscal years (FY) 2022 through 2032. In the...
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92 Percent of Projected Spending Growth is from Health, Retirement, and Interest
Read moreAccording to the Congressional Budget Office's (CBO) latest baseline, budget deficits will rise dramatically over the next decade, from $1.0 trillion...
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Event Recap: Fiscal Solutions to Climate Change
Read moreOn May 17, the Committee for a Responsible Federal Budget hosted an event on the "Fiscal Solutions to Climate Change." The virtual event featured a...
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Recap: Maya MacGuineas Gives Senate Testimony on Saving Social Security
Read moreOn June 9, the Senate Budget Committee held a hearing on "Saving Social Security: Expanding Benefits and Demanding the Wealthy Pay Their Fair Share or...
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VA Bill Will Cost Hundreds of Billions of Dollars
Read moreThe Senate is expected to vote on the Honoring our PACT Act this week, which would add at least $277 billion to deficits through 2031 and would...
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What Would Higher Interest Rates Mean for the Debt?
Read moreInterest payments on the national debt are projected to be the fastest-growing part of the federal budget. Under the Congressional Budget Office's...
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Surging Inflation Calls for Responsible Budgeting
Read moreToday, the Bureau of Labor Statistics estimated the Consumer Price Index (CPI) grew by 1.0 percent in May and 8.6 percent over the past year. Core CPI...
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Maya MacGuineas's Senate Testimony on Saving Social Security
Read moreOn June 9, Committee for a Responsible Federal Budget president Maya MacGuineas will testify before the Senate Budget Committee on "Saving Social...
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Watch Live: Committee President Maya MacGuineas Testifies on Saving Social Security
Read moreOn June 9 at 11 am EDT, Committee for a Responsible Federal Budget president Maya MacGuineas will testify before the Senate Budget Committee on saving...
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CBO Reports $63 Billion Deficit for May
Read moreThe United States borrowed $423 billion in the first eight months of fiscal year 2022, with a $63 billion deficit in May, according to the latest...