At the third Democratic debate, Senator Bernie Sanders (I-VT) said "We are spending $80 billion a year locking up our fellow Americans," using the...

As it often does in December, CBO has released its detailed long-term projections for Social Security that build off the ones released with their long...

The Joint Committee on Taxation (JCT) recently released its latest estimate of tax expenditures covering the years 2015-2019. Based on the summed cost...

With debt already around its highest level as a share of Gross Domestic Product (GDP) other than around World War II and estimated to grow with no end...

With the first session of the the 114th Congress rapidly drawing to a close and the big budget issues being settled, we will take a look at how the...

Carrying on the tradition of retired Senator Tom Coburn (R-OK), Senator Jeff Flake (R-AZ) this week released the 2015 edition of the Wastebook: The...

The negotiations that concluded this week produced two major pieces of legislation. The most consequential for the budget is the $680 billion package...

It's no surprise that a deficit-financed tax cut deal costing $830 billion after interest would be bad for the budget. We've been describing the...

Today, the Federal Open Market Committee, the Fed's interest rate setting and deliberative body that meets eight times a year, could announce that...

Lawmakers have announced a negotiated package of business and individual tax breaks costing about $680 billion over ten years. After interest, we...