Papers
View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.
How High Are Federal Interest Payments?
This year, the federal government will spend $300 billion on interest payments on the national debt. This is the equivalent of nearly 9 percent of all...
Analysis of CBO's March 2021 Long-Term Budget Outlook
Today, the Congressional Budget Office (CBO) released its March 2021 Long-Term Budget Outlook, confirming that the federal budget is on an...
Reducing Medicare Advantage Overpayments
The Medicare Advantage (MA) program, which allows Medicare beneficiaries to enroll in federally-funded private health insurance plans, is an...
Equalizing Medicare Payments Regardless of Site-of-Care
Currently, the Medicare program pays higher rates for medical services performed in hospital outpatient departments (HOPDs) than it pays for the same...
Capping Hospital Prices
High hospital prices are a leading driver of high and rising costs in the U.S. health care system, resulting in insurance premium growth that outpaces...
Analysis of CBO's February 2021 Budget and Economic Outlook
Today, the Congressional Budget Office (CBO) released its February 2021 Budget and Economic Outlook, confirming that, despite improvements as a result...
Reconciliation 101
This paper has been updated here. What is reconcilation? How do reconciliation instructions work? Can a reconciliation bill add to the budget deficit...
The Cost of the Trump and Biden COVID Response Plans
The COVID pandemic has caused considerable economic damage and human suffering. Policymakers responded aggressively this spring to address the...
The Cost of the Trump and Biden Campaign Plans
Whoever is inaugurated on January 20, 2021, will face many fiscal challenges over his term. Under current law, trillion-dollar annual budget deficits...
Comparing Fiscal Multipliers
The United States is currently facing one of its worst economic and public health crises as a result of COVID-19. Though substantial COVID relief has...
Analysis of CBO's 2020 Long-Term Budget Outlook
Today, the Congressional Budget Office (CBO) released its 2020 Long-Term Budget Outlook, which shows the federal budget is on an unsustainable long...
Better Budget Process Initiative: Automatic CRs Can Improve the Appropriations Process
A government shutdown could occur at the end of this month. This year’s appropriations process is at a standstill, and disagreement over further...