Latest
-
There Are Plenty of Offsets for Infrastructure Package
A bipartisan group of senators has apparently reached agreement on a plan with $579 billion of new infrastructure spending. Meanwhile, President Joe...
-
What's In the Bipartisan Infrastructure Plan?
UPDATE 8/5: We have published a new summary of the bipartisan Infrastructure Investment and Jobs Act based on a recently published score from the...
-
House Members Urge the Adoption of a Budget Resolution
On Monday, a group of five Democratic members of the House of Representatives sent a letter to House Speaker Nancy Pelosi (D-CA) calling for increased...
-
President's Budget Would Add More to Debt With Tax Cut Extensions
President Joe Biden's Fiscal Year (FY) 2022 budget includes many significant changes that would add nearly $1.4 trillion to deficits through FY 2031...
-
Congress Should Pass a Budget, Not Deem Huge Spending Increases
For Immediate Release Recent press reports indicate that the House of Representatives may vote on a “deeming resolution” as soon as this week to set...
-
Committee is Encouraged by Discussions of Offsets
For Immediate Release A bipartisan group of senators appears to be close to reaching an infrastructure spending deal that would be fully paid for with...
-
How Much Would the President's Budget Extend Medicare Solvency?
The Medicare Hospital Insurance (HI) trust fund is only five years from insolvency according to both the Congressional Budget Office (CBO) and the...
-
Senate Finance Committee Hearing Highlights Need to Secure Highway Trust Fund
The Senate Finance Committee held a hearing last month titled “ Funding and Financing Options to Bolster American Infrastructure,” covering the need...
-
CBO Reports $2.1 Trillion Deficit for First Eight Months of FY 2021
For Immediate Release The United States borrowed nearly $2.1 trillion in the first eight months of fiscal year 2021, according to the latest Monthly...
-
COVID Relief Continues to Bolster Personal Income
New data from the Bureau of Economic Analysis (BEA) for the month of April shows that disposable personal income (DPI) was 12.0 percent above pre...
-
Maya MacGuineas: Biden's Budget Reflects His Priorities, but Leaves Debt Unchecked
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...
-
Breaking Down the Proposals in the President's FY 2022 Budget
Last week, the Biden Administration released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...