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Event Recap – 2025: The Fiscal Challenges Ahead
Read moreOn Tuesday, December 10, 2024, the Committee for a Responsible Federal Budget hosted more than 130 people at an in-person event, " 2025: The Fiscal...
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Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest...
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Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
Read moreHaving passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing...
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TCJA Extension Might Not Pay for Any of Itself
Read moreNew data from the Congressional Budget Office (CBO) finds that economic feedback may not cover any of the revenue loss and that TCJA extension might...
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12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
Read moreFrom December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO)...
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CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
Read moreThe United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according...
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FY 2025 Reconciliation Resources
Read moreThe 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...
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Reform Needed for Medicaid DSH
Read moreFederal Medicaid Disproportionate Share Hospital (DSH) payments are set to face an $8 billion annual reduction – more than 50 percent – in 2025, 2026...
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Options for Reducing the Revenue Loss of TCJA Extension
Read moreExtending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9...
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Policymakers Should Include Dynamic Scores for Tax Reform
Read moreAs policymakers consider extending parts of the Tax Cuts and Jobs Act (TCJA) and possibly making other tax changes, there will be discussion about how...
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Comments on Proposed Student Debt Hardship Rule
Read moreOn November 27, Committee for a Responsible Federal Budget's Senior Vice President and Senior Policy Director, Marc Goldwein, and Senior Policy...
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Reversing Biden Executive Actions Could Save up to $1.4 Trillion
Read moreAs the national debt approaches record levels and interest costs surge , the next Administration and Congress will need to find options to reduce...