The House-passed Fiscal Responsibility Act of 2023 (FRA) would suspend the debt limit and meaningfully reduce budget deficits – but by how much depends on the number of assumptions. The FRA would...
Updated 6/1/2023: The Fiscal Responsibility Act, which suspends the debt limit through January 1, 2025, passed in the House by a 314-117 vote the evening of Wednesday, May 31, and will be considered...
As policymakers negotiate a deal to raise the debt ceiling and reduce deficits, reports suggest that rescinding remaining COVID relief funds may be an area where both sides can agree. Policymakers...
