Domestic Spending
Latest
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The Biden Administration Has Approved $4.8 Trillion of New Borrowing
Note: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
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CBO Scores IRA with $238 Billion of Deficit Reduction
The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion...
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How Long Before Cancelled Student Debt Would Return?
Note: This analysis has been updated to reflect President Biden’s announced cancellation plan . You can read the original version here. President...
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Student Debt Changes Would Boost Inflation
The student debt cancellation and relief measures announced earlier this week by the Biden Administration would cost around $500 billion over a decade...
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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...