Domestic Spending
Latest
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Everything You Need to Know About Student Debt Cancellation
Below are a few frequently asked questions about student debt cancellation and proposals around it. Whose debt has been cancelled? How much will Biden...
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What's In the Inflation Reduction Act?
Update (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
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More Borrowing Will Hurt Competitiveness
This week, the Senate is moving forward on a compromise “chips-plus” economic competitiveness bill. Though there is not yet a score from the...
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Reconciliation Criticisms Are Off Base
As possible elements of a deficit-reducing reconciliation agreement have emerged, critics have attacked the plan for increasing recession risk...
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ARCHIVE #2: How Long Before Cancelled Student Debt Would Return?
Note: This analysis has been updated from the original version to reflect new estimates of how long it would take for the amount of student debt owed...
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Six Ways to Fight Inflation
Personal Consumption Expenditure (PCE) inflation rose by 6.3 percent over the past year and 0.6 percent last month according to new data from the...
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Reducing Drug Prices and the Tax Gap
As lawmakers negotiate a possible reconciliation bill, they should look to offsets from the House-passed Build Back Better Act (BBB) to help fund new...
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Appropriations 101
This paper has been updated here. What are appropriations? How does Congress determine the total level of appropriations? How does Congress allocate...
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Appropriations Watch: FY 2022
Updated 7/5/22: For news on the appropriations process for the upcoming fiscal year, please see Appropriations Watch: FY 2023. The Senate passed a...
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Fight Inflation by Lowering Deficits, Not Boosting Them
Yesterday, President Biden told reporters the Administration was nearing decisions on whether to cancel student debt by executive order and whether to...
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VA Bill Will Cost Hundreds of Billions of Dollars
The Senate is expected to vote on the Honoring our PACT Act this week, which would add at least $277 billion to deficits through 2031 and would...
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Veterans Bill Needs Offsets
The Senate is set to vote on the Honoring our PACT Act of 2021, which provides health and disability to veterans who may have been exposed to toxic...