Latest
-
There Are Plenty of Offsets for Tax Cut Extensions
Read moreAs Congress considers extensions of the expiring provisions in the Tax Cuts and Jobs Act (TCJA), lawmakers will need to come up with $3.9 to $4.8...
-
Gross National Debt Reaches $36 Trillion
Read moreThe gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the...
-
Congress Should Avoid a Costly End-of-Year Package
Read moreWith debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already...
-
You Can’t Just Wish Away Deficit Effects by Assuming Something is Permanent
Read moreSome lawmakers are making the case that expiring tax cuts should be considered permanent in order to hide the $3.9 trillion increase in deficits that...
-
Interest Costs Have Nearly Tripled Since 2020
Read moreThe recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal...
-
Marc Goldwein: Solutions: Biden still has time to nudge the federal budget closer to sanity
Read moreMarc Goldwin is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He wrote an opinion piece for the...
-
Budget Reconciliation Should Be Used to Reduce the Debt, Not Add to It
Read moreCongress is preparing to use budget reconciliation to fast-track consideration of a number of new policies, including, according to press reports...
-
Student Loans Cost $340 Billion More than Expected
Read moreBased in part on new data from the Congressional Budget Office, this piece shows: The estimated federal cost of student loans issued between 2015 and...
-
College Cost Reduction Act Could Now Save $250-$280 Billion
Read moreIn January, the House Education and Workforce Committee reported out the College Cost Reduction Act (CCRA), which would make several changes to the...
-
Reconciliation 101
Read moreWhat is Reconciliation? How do Reconciliation Instructions Work? Can a Reconciliation Bill Add to the Deficit? What is the “Byrd Rule”? What are Other...
-
$700 Billion of Easy Deficit Reduction
Read moreWith the national debt approaching record levels and interest costs exploding, lawmakers will need to consider substantial spending cuts and revenue...
-
CRFB Statement on Department of Government Efficiency
Read moreThis week, President-elect Trump announced that he would be establishing a “Department of Government Efficiency” (DOGE) which would be tasked with...