Latest
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Appropriations Watch: FY 2025
The appropriations process for Fiscal Year (FY) 2025 has begun, with action in both the House of Representatives and the Senate. The Fiscal...
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Meeting Fiscal Goals Under CBO’s June 2024 Baseline
It would require nearly $10 trillion of deficit reduction to stabilize debt at its current share of the economy over the next decade, according to the...
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Bipartisan Fiscal Forum Leaders Letter Calls to Address Debt
Bipartisan Fiscal Forum co-chairs Rep. Scott Peters (D-CA) and Rep. Bill Huizenga (R-MI) recently led a letter to House Speaker Mike Johnson (R-LA)...
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Plans to Address TCJA Expirations
With large parts of the Tax Cuts and Jobs Act (TCJA) set to expire at the end of Calendar Year (CY) 2025, lawmakers will soon face crucial decisions...
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Trump and Biden: Partisan Breakdown of New Debt
In their time in office, both former President Trump and President Biden approved trillions of dollars in new ten-year borrowing both for COVID...
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Trump and Biden: Timing of New Debt
In a recent analysis , we estimated that President Trump approved $8.4 trillion of new ten-year borrowing during his term in office, while President...
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Tom Tauke: Neither Joe Biden nor Donald Trump seems willing to address the national debt
Tom Tauke is a director at the Committee for a Responsible Federal Budget and former congressman from Iowa. He recently wrote an opinion piece in the...
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Maya MacGuineas: THE GALLING MISTAKE THAT LED THE US TO ITS CURRENT DEBT PROBLEM
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Pell Grant Shortfall Remains a Threat
Pell Grant costs will exceed new funding over the next decade, based on the latest Congressional Budget Office (CBO) baseline, depleting nearly all...
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Trump and Biden: Executive Actions
In a recent analysis, we estimated that former President Trump approved $8.4 trillion of new ten-year borrowing ($4.8 trillion excluding the CARES Act...
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12-Month Deficit Decreases to $1.6 Trillion in June 2024
The federal budget deficits totaled $1.6 trillion over the past 12 months, including the $73 billion June deficit released today by the Congressional...
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Tentative Senate Appropriations Deal Would Undermine Bipartisan Deficit Reduction
According to press reports , Senate Appropriations Chair Patty Murray (D-WA) and Vice Chair Susan Collins (R-ME) have reached a tentative deal to...