Latest
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EARN Act Would Cost $80 Billion Without Gimmicks
Read moreThis analysis is an update to a previous analysis of the Enhancing American Retirement Now Act to account for the introduction of the legislation...
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New Projection: Federal Debt Will Reach Record Levels Sooner Than Expected
Read moreThe nation’s fiscal and economic outlook has deteriorated substantially since the last Congressional Budget Office (CBO) baseline in May, when CBO...
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Policymakers Should Commit To No New Borrowing In 2022
Read moreLawmakers are contemplating a year-end package that could include increased appropriations along with a variety of tax breaks and spending increases...
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Student Debt Payments Should Restart As Scheduled
Read moreThe 33-month pandemic-era pause on student loan repayments is scheduled to end on December 31, after which borrowers will begin making loan payments...
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IRS Releases Updated Tax Gap Analysis
Read moreThe Internal Revenue Service (IRS) recently released an updated analysis of the “ tax gap” – the difference between taxes owed to the federal...
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CBO Reports $83 Billion Deficit in First Month of Fiscal Year
Read moreThe United States borrowed $83 billion in October, according to the latest Monthly Budget Review from the Congressional Budget Office. The following...
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Mitch Daniels: Modern Monetary Theory, debunked everywhere except among government big-spenders
Read moreMitch Daniels is the president of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget, and a co...
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Q&A: Everything You Should Know About the Debt Ceiling
Read moreThis paper has been updated. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last...
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The CRFB Fiscal Blueprint for Reducing Debt and Inflation
Read moreThe United States faces numerous economic and fiscal challenges, including surging inflation, rising interest rates, trust funds heading toward...
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A $1.4 Trillion Deficit Is Not An Accomplishment
Read moreThe U.S. Treasury Department released the final Monthly Treasury Statement for Fiscal Year 2022 today, confirming the deficit totaled nearly $1.4...
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COVID Relief End Explains All of 2022 Deficit Decline
Read moreThe budget deficit fell by half between Fiscal Year (FY) 2021 and FY 2022, from $2.8 trillion to $1.4 trillion. While the Biden Administration has...
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Rules Reform – Ideas for the 118th Congress
Read moreAt the beginning of each new session of Congress, the House of Representatives must agree on a new set of rules governing how business will be...