Biden Administration
Latest
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Trump and Biden: The National Debt
The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by...
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How Much will Biden’s Tariffs Raise?
President Biden recently announced increases to a number of tariffs on Chinese imports, including for lithium-ion batteries, electric vehicles, and...
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Student Debt Plan Would Add Hundreds of Billions to Deficit
The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this...
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Spending Cuts in the President's FY 2025 Budget
The President's Fiscal Year (FY) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and...
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Comparing Spending Levels in the President’s 2025 Budget
President Biden proposes spending nearly $7.3 trillion in Fiscal Year (FY) 2025, or 24.8 percent of Gross Domestic Product (GDP), under his latest...
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Tax Extensions Wipe Away the President’s Budget Savings
The President’s Fiscal Year (FY) 2025 budget proposal calls for $3.3 trillion of net deficit reduction through 2034. However, these savings could...
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An Overview of the President's FY 2025 Budget
The Biden Administration just released its Fiscal Year (FY) 2025 budget proposal, outlining some of the President's tax and spending priorities for...
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Analysis of the President's FY 2025 Budget
The White House released its Fiscal Year (FY) 2025 budget proposal today, outlining President Biden’s tax and spending priorities for the next decade...
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Fact-Checking the 2024 State of the Union
In last night's State of the Union Address, President Biden made a number of claims related to the budget deficit. We've fact-checked three of those...
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CRFB Reacts to $106 Billion of Supplemental Funding
Today, the White House requested $106 billion of supplemental appropriations to address the conflicts in Ukraine, Israel, and Gaza as well as border...
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White House Calls for $40 Billion Supplemental
The White House recently proposed a supplemental appropriations package to boost Fiscal Year (FY) 2024 ordinary appropriations by $40 billion above...
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Breaking Down the Proposals in the President's FY 2024 Budget
The FY 2024 President’s budget includes policy changes that it estimates would reduce budget deficits by $3 trillion over a decade, the net effect of...