Latest
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As the Fed Cuts Rates, Treasury Yields Are Rising
Read moreWith last week’s rate decision, the Federal Reserve has now cut the federal funds rate by 75 basis points over the past eight weeks. Over that same...
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Repealing WEP/GPO Would Raise Deficits, Weaken Social Security
Read moreThe House of Representatives will soon vote on the Social Security Fairness Act, legislation which would repeal Social Security’s Windfall Elimination...
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12-Month Rolling Deficit Totals $2.0 Trillion in October 2024
Read moreThe federal budget deficit totaled $2.0 trillion between November 2023 and October 2024 according to estimates from the Congressional Budget Office's...
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CBO Estimates $255 Billion Deficit for First Month of Fiscal Year 2025
Read moreThe United States borrowed $255 billion in the first month of fiscal year 2025, according to the latest Monthly Budget Review from the Congressional...
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FY 2024 Ends with $1.8 Trillion Deficit
Read moreThe U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit...
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Medicare Framework Calls for Important Site-Neutral Reforms
Read moreToday, Senators Bill Cassidy (R-LA) and Maggie Hassan (D-NH) released a framework for Medicare site-neutral payment reform. The framework acknowledges...
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Recent Student Loan Actions Forgo $5 Billion in Repayments
Read moreThe Department of Education announced last week a six-month extension of automatic forbearance to all borrowers enrolled in the SAVE income-driven...
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The Fiscal Impact of the Harris and Trump Campaign Plans
Read moreNote: This analysis has been updated to incorporate new proposals announced by the candidates since we initially published on October 7. You can read...
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Bipartisan Senate Group Introduces the RESILIENCE Act
Read moreSenators Joe Manchin (I-WV), Mitt Romney (R-UT), Mark Warner (D-VA), and Mike Braun (R-IN) recently introduced the Reassuring Economic Stability In...
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Proposed Hardship Rule a Brazen Attempt at Student Debt Cancellation
Read moreToday the Department of Education officially proposed regulations related to cancelling student debt due to “hardship.” It contains two provisions...
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The Impact of the Trump and Harris Plans on Spending and Revenue
Read moreIn our recent analysis, The Fiscal Impact of the Harris and Trump Campaign Plans, we found that the campaign policy plans from both Vice President...
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IRS Estimates a $606 Billion Tax Gap for 2022
Read moreThe Internal Revenue Service (IRS) recently published its projections of the “ tax gap” – the difference between taxes owed to and collected by the...