Latest
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The Budget Act At 50 – Budget Process Reform Recommendations for the 118th Congress
The Congressional Budget and Impoundment Control Act will turn 50 next year, and the budget process is showing its age. The current budget process is...
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Deficit Tops $1.7 Trillion As Interest Rates Surge
The Congressional Budget Office (CBO) today released its final Monthly Budget Review of Fiscal Year (FY) 2023, finding that the budget deficit totaled...
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Interest Rates Remain Near Record Highs
Interest rates continue to surge, hitting new post-financial crisis records. Over the past month, yields on the ten-year Treasury note have risen more...
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Tim Scott's Proposal for Cutting Spending, Cutting Government, and Cutting Taxes
GOP presidential candidate and Senator Tim Scott (R-SC) recently unveiled a comprehensive economic plan, titled “ Build. Don’t Borrow." The plan is...
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Congress Avoids a Shutdown, But Leaves Much More to Be Done
The House and Senate have approved a Continuing Resolution (CR) that funds the government at Fiscal Year 2023 appropriations levels and avoids a...
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CRFB Reacts to Proposed Fiscal Commission
Today, Bipartisan Fiscal Forum Co-Chairs Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA) proposed bipartisan legislation to establish a...
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It's Time for A Bipartisan Fiscal Commission
The national debt is on an unsustainable path, interest costs are exploding, and the Social Security and Medicare trust funds are approaching...
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Maya MacGuineas: Finally, a Serious Idea to Address the National Debt
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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Revised Projections from CBO, OMB, & Fed Give Hope of “Soft Landing”
Recent economic forecasts from the Congressional Budget Office (CBO), the Office of Management and Budget (OMB), and the Federal Reserve (Fed) present...
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Medicaid Provider Taxes Inflate Federal Matching Funds
This paper is part of a series on Medicaid financing. Other papers in the series discuss an overview of state financing schemes and supplemental...
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More Deficit-Increasing Tax Cuts from the Ways & Means Committee
Tomorrow, the House Ways and Means Committee is scheduled to mark up two bills to expand Health Savings Accounts (HSAs). The bills will reduce revenue...
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87% Chance of Shutdown, Per CRFB Budget Experts' Poll
The odds of a government shutdown, per the unscientific CRFB Budget Experts' Poll, have shot up to 87 percent (after dropping one expert's prediction...