Latest
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Responsibly Raising the Debt Limit
Read moreYesterday, Treasury Secretary Janet Yellen warned Congress that the Treasury is likely to run out of extraordinary measures in October. Without action...
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Keeping Offsets on the Table
Read moreAs lawmakers work to put together a reconciliation package that could include up to $3.5 trillion of gross spending and tax breaks, resistance has...
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Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation
Read moreRepresentatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...
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Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits
Read moreThe U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of Supplemental...
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Event Recap: What's Going on With the Social Security and Medicare Trust Funds?
Read moreOn September 1, the Committee for a Responsible Federal Budget hosted “What’s Going on With the Social Security and Medicare Trust Funds.” The event...
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CBO Estimates $120 Billion from IRS Funding Boost
Read moreToday, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...
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Analysis of the 2021 Medicare Trustees' Report
Read moreThe Social Security and Medicare Trustees released their annual reports on the long-term financial state of those programs. The reports are the first...
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Analysis of the 2021 Social Security Trustees' Report
Read moreToday, the Social Security and Medicare Trustees released their annual reports on the long-term financial state of the Social Security and Medicare...
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Trustees Show Limited Time to Save Social Security and Medicare
Read moreToday, the Social Security and Medicare Trustees released their annual reports on the state of the trust funds. The Trustees find that Medicare’s...
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Trustees: Social Security & Medicare Approaching Insolvency
Read moreThe Social Security (our analysis here) and Medicare (our analysis here) Trustees just released their annual reports for 2021 on the financial status...
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House Should Not Authorize Trillions of Borrowing
Read moreThe House is expected to vote this week on a Senate-passed budget resolution for Fiscal Year 2022 that would allow up to $1.75 trillion of borrowing...
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Comparing the Cost of Build Back Better to Other Recent Legislation
Read moreLawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed bipartisan infrastructure bill and...