Latest
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Marc Goldwein: Solutions: Biden still has time to nudge the federal budget closer to sanity
Read moreMarc Goldwin is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He wrote an opinion piece for the...
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Budget Reconciliation Should Be Used to Reduce the Debt, Not Add to It
Read moreCongress is preparing to use budget reconciliation to fast-track consideration of a number of new policies, including, according to press reports...
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Student Loans Cost $340 Billion More than Expected
Read moreBased in part on new data from the Congressional Budget Office, this piece shows: The estimated federal cost of student loans issued between 2015 and...
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College Cost Reduction Act Could Now Save $250-$280 Billion
Read moreIn January, the House Education and Workforce Committee reported out the College Cost Reduction Act (CCRA), which would make several changes to the...
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Reconciliation 101
Read moreWhat is Reconciliation? How do Reconciliation Instructions Work? Can a Reconciliation Bill Add to the Deficit? What is the “Byrd Rule”? What are Other...
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$700 Billion of Easy Deficit Reduction
Read moreWith the national debt approaching record levels and interest costs exploding, lawmakers will need to consider substantial spending cuts and revenue...
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CRFB Statement on Department of Government Efficiency
Read moreThis week, President-elect Trump announced that he would be establishing a “Department of Government Efficiency” (DOGE) which would be tasked with...
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As the Fed Cuts Rates, Treasury Yields Are Rising
Read moreWith last week’s rate decision, the Federal Reserve has now cut the federal funds rate by 75 basis points over the past eight weeks. Over that same...
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Repealing WEP/GPO Would Raise Deficits, Weaken Social Security
Read moreThe House of Representatives will soon vote on the Social Security Fairness Act, legislation which would repeal Social Security’s Windfall Elimination...
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12-Month Rolling Deficit Totals $2.0 Trillion in October 2024
Read moreThe federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's...
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CBO Estimates $255 Billion Deficit for First Month of Fiscal Year 2025
Read moreThe United States borrowed $255 billion in the first month of fiscal year 2025, according to the latest Monthly Budget Review from the Congressional...
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FY 2024 Ends with $1.8 Trillion Deficit
Read moreThe U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit...