Latest
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CBO Releases January 2025 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its January 2025 Budget and Economic Outlook today, projecting that the national debt remains on an...
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CBO: Record Debt in 4 Years, Interest Matching Record This Year
Read moreThe Congressional Budget Office (CBO) released its latest projections for the budget and economic outlook today, projecting that the national debt...
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CBO’s Medicare Savings Options
Read moreMedicare – a federal program that provides health insurance to seniors and some individuals with disabilities – is one of the largest and fastest...
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Case and Womack Renew Efforts with the Sustainable Budget Act
Read moreRepresentatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member...
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Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $2.0 trillion in calendar year 2024...
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CBO Estimates $710 Billion Deficit for First Three Months of Fiscal Year 2025
Read moreThe United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according...
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Deficit Totaled $2.0 Trillion in Calendar Year 2024
Read moreThe federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the Fiscal Year 2024 deficit and...
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FY 2025 Reconciliation Resources
Read moreThe 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...
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Putting Numbers to TCJA Dynamic Feedback Estimates
Read moreAs we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled...
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Upcoming Congressional Fiscal Policy Deadlines
Read moreUpdated 1/9/2024: The President signed a continuing resolution on December 21, 2024, that runs through March 14, 2025. Lawmakers will need to pass...
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Weakening the SALT Cap Would be a Costly Mistake
Read moreAccording to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to...
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Budget Offsets Bank
Read moreWith the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and