Latest
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Time to Wind Down Remaining COVID Relief
Though most COVID relief has already been spent, several policies continue to provide ongoing financial support and could be renewed again by Congress...
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Omnibus Bill Highlights Need for Spending Caps
Policymakers are currently considering an omnibus appropriations bill to fund the federal government through the remainder of the fiscal year. The...
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CBO Reports $475 Billion Deficit for First 5 Months of Fiscal Year
The United States borrowed $475 billion in the first five months of fiscal year 2022, with a $216 billion deficit in February, according to the latest...
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Deficit Reduction Through Reconciliation Would Be Great News
Policymakers are apparently considering developing a new reconciliation package that would focus in part on deficit reduction. The following is a...
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Heritage Foundation Releases 2022 Budget Blueprint
The Heritage Foundation recently released their 2022 Budget Blueprint, a list of over 200 specific policy proposals that would “roll back excessive...
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Tax Experts Urge Congress To Fix IRS Backlog And Reduce The Tax Gap
Today, a diverse group of former tax officials and policy experts sent a letter to the leadership of the Appropriations Committees urging them to...
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Did President Biden Reduce the Deficit by $1 Trillion?
In his first State of the Union address, President Joe Biden stated that he would be "the only president ever to cut the deficit by more than one...
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Veterans Deserve Care, Not More Debt
The House of Representatives is set to vote on the Honoring our PACT Act of 2021 to provide additional benefits to veterans because of exposure to...
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Cancelling Student Debt Would Add to Inflation
Lawmakers and advocates have loudened their calls to cancel student loan debt before the current re-payment moratorium ends on May 1 st. Given the...
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Coalition Calls Attention to Lack of Fiscal Responsibility
This week’s State of the Union address comes at a time when debt as a share of the economy is on track to surpass record levels within a decade. Today...
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The 2021 U.S. Economy in Ten Charts
2021 was a unique year in economic history. Assisted by new COVID vaccines, accommodative monetary policy, and trillions of fiscal stimulus, the US...
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Maya MacGuineas: Say no to a gas tax holiday
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...