Other Spending
Latest
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Is Biden's Student Debt Cancellation Plan Still Regressive?
Read moreThe Biden Administration’s new $420 billion student debt cancellation and repayment pause plan will deliver the majority of the benefits to those in...
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U.S. Gross Debt Tops $31 Trillion
Read moreThe gross national debt of the United States eclipsed $31 trillion yesterday, just nine months after the federal government’s gross debt exceeded $30...
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Committee Co-Chair Timothy Penny on KROC Minnesota Radio
Read moreCommittee for a Responsible Federal Budget Co-Chair Timothy Penny, former representative for Minnesota’s first Congressional district and president...
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Debt Cancellation is Too Costly, CBO Confirms
Read moreToday, the Congressional Budget Office (CBO) estimated that the Administration’s proposal to cancel up to $10,000 or $20,000 of debt per student loan...
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Student Loan IDR Changes Are Highly Problematic, Report Shows
Read moreWhile much attention has been paid to President Biden's costly and inflationary plan to cancel $10,000 to $20,000 of student debt, his proposed...
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The Biden Administration Has Approved $4.8 Trillion of New Borrowing
Read moreNote: 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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Student Debt Changes Wipe Out IRA Savings
Read moreThe student debt cancellation and relief measures recently announced by the Biden Administration will cost roughly $500 billion over ten years under...
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CBO Scores IRA with $238 Billion of Deficit Reduction
Read moreThe 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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Congress Should Offset New Supplemental Spending
Read moreAs lawmakers prepare a continuing resolution (CR) to extend current government funding levels, the White House has requested about $47 billion in...
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Ending the Student Debt Pause in January is a Cost, Not an Offset
Read moreLast week, the Biden administration announced a plan to forgive a portion of outstanding student debt, extend the moratorium on student loan payments...
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How Long Before Cancelled Student Debt Would Return?
Read moreNote: 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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Michael Murphy: Biden's student debt 'cancellation' defies sense, drives deficit
Read moreMichael Murphy is the chief of staff and director of the Committee for a Responsible Federal Budget's FixUs initiative. He recently wrote an opinion...