Latest
-
Year-End 'Extenders' Could Worsen Deficits and Inflation
With inflation surging and debt approaching record levels, policymakers might make the fiscal situation even worse in an end-of-the-year fiscal...
-
Event Recap: How the Public Views the Options to Reform Social Security
On September 15, the Committee for a Responsible Federal Budget hosted "How the Public Views the Options to Reform Social Security." The event...
-
Congress Should not Increase Health Costs in CR
Congress is currently discussing a number of policy changes to increase Medicare and other health payments. In total, these changes could cost up to...
-
CBO Releases its Estimate of the President's FY 2023 Budget
Yesterday, the Congressional Budget Office (CBO) released its estimate of the President's Fiscal Year (FY) 2023 budget. CBO finds that debt and...
-
Maya MacGuineas: The White House is wrong, Biden is no steward of fiscal responsibility
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...
-
The Biden Administration Has Approved $4.8 Trillion of New Borrowing
Note: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and...
-
Student Debt Changes Wipe Out IRA Savings
The student debt cancellation and relief measures recently announced by the Biden Administration will cost roughly $500 billion over ten years under...
-
CBO Reports $217 Billion Deficit for August
The United States borrowed over $944 billion in the first 11 months of fiscal year 2022, including $217 billion in August, according to the latest ...
-
House Group Requests President Biden Fully Repeal Rebate Rule
A group of House Members, led by Representatives Scott Peters (D-CA) and Jared Golden (D-ME), sent a letter to President Biden calling for the...
-
CBO Scores IRA with $238 Billion of Deficit Reduction
The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion...
-
Congress Should Offset New Supplemental Spending
As lawmakers prepare a continuing resolution (CR) to extend current government funding levels, the White House has requested about $47 billion in...
-
Ending the Student Debt Pause in January is a Cost, Not an Offset
Last week, the Biden administration announced a plan to forgive a portion of outstanding student debt, extend the moratorium on student loan payments...