Latest
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The Deficit Was $1.8 Trillion Over the Past Year
Read moreThe federal budget deficit totaled $1.8 trillion over the past 12 months, up $70 billion from Fiscal Year (FY) 2023, or 4.2 percent. The 12-month...
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CBO Projects Debt to Exceed Record in 4 Years
Read moreThe Congressional Budget Office (CBO) released its latest Budget and Economic Outlook today, projecting that the national debt will eclipse its record...
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CBO Releases February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its February 2024 Budget and Economic Outlook, its first full ten-year baseline and economic...
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CBO's February 2024 Budget and Economic Outlook
Read moreThe Congressional Budget Office released its February 2024 Budget and Economic Outlook today, projecting the nation’s fiscal and economic future over...
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Senate Set to Consider $118 Billion National Security & Border Package
Read moreThe Senate is set this week to consider the National Security and Supplemental Appropriations Act that combines aid to Ukraine and Israel with border...
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Maya MacGuineas: Social Security is in trouble. Most candidates won’t admit it.
Read moreMaya 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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Supplemental Payments Drive Up Federal Medicaid Costs
Read moreThis paper is part of a series on Medicaid financing. Other papers in the series discuss an overview of state financing schemes and provider taxes...
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Chartbook: From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreOn January 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on our...
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Don’t Add SALT to the Tax Deal
Read moreAccording to press reports, the House is considering new tax cuts and changes to follow the Committee-passed tax agreement that would expand the Child...
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Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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Is Life Expectancy Really Falling?
Read moreDuring the fifth GOP presidential primary debate, Florida Governor Ron DeSantis argued against raising the Social Security retirement age because...
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How Much Would the Wyden-Smith Tax Deal Cost?
Read moreSenate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) recently put forward a bipartisan plan...