Latest
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Cancelling Student Debt Would Add to Inflation
Read moreLawmakers 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
Read moreThis 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
Read more2021 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
Read moreMaya 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...
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Bipartisan Group Urges Budget Reforms
Read moreA bipartisan group of 24 members of Congress – led by Reps. Scott Peters (D-CA) and Jodey Arrington (R-TX) – sent a letter to House leadership today...
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Bipartisan House Group Sends Letter Calling for Budget Reforms
Read moreToday, a bipartisan group of 24 members of the House of Representatives sent a letter to House leadership calling for the inclusion of budget process...
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Event Recap: Trust Fund Solutions
Read moreOn February 17, Senators Angus King (I-ME) and Mitt Romney (R-UT) joined the Committee for a Responsible Federal Budget and panel of experts to...
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Q&A: Gross Debt Versus Debt Held by the Public
Read moreThe Q&A has been updated here. On January 31, 2022, the federal government's gross debt exceeded $30 trillion for the first time. This mark serves as...
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Gas Tax Holiday Would Take A Wrong Turn
Read moreThe White House and some in Congress are reportedly considering suspending the 18.3 cent federal gas tax for the remainder of 2022. The Committee for...
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FACT SHEET: Are Deficits in Decline?
Read moreLast month, the federal government ran a surplus of $119 billion, the first monthly surplus since September 2019. The Fiscal Year 2022 deficit is...
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Gas Tax Holiday Would Cost $20 Billion
Read moreThis week, a group of senators introduced legislation to suspend the federal gas tax through December 2022 amid rising inflation. We estimate the...
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How Would Higher Interest Rates Affect Interest Payments?
Read moreInterest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional Budget Office...