CRFB President Maya MacGuineas to Testify at Biennial Budgeting Hearing Today

As the national debt approaches record levels and interest costs surge , the next Administration and Congress will need to find options to reduce deficits and cover the costs of any new initiatives...

As Congress considers extensions of the expiring provisions in the Tax Cuts and Jobs Act (TCJA), lawmakers will need to come up with $3.9 to $4.8 trillion or more of offsets to prevent any extension...

With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the Congressional lame duck session. Instead, lawmakers should begin making progress on the debt either by enacting savings or implementing process reforms.