Latest
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New CBO Baseline Reaffirms Challenge of Coronavirus Response
For Immediate Release The Congressional Budget Office (CBO) today released its updated budget projections. Although the new baseline doesn’t...
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Choices for Financing Medicare for All
Proposals to adopt a single-payer health care system – commonly called Medicare for All – have become increasingly popular. Such proposals, which...
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How Much Would Suspending the Payroll Tax Cost?
Policymakers are discussing several economic stimulus ideas in response to the coronavirus outbreak, including reports that yesterday President Trump...
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Monthly Deficit Hits New Record
For Immediate Release The United States ran a record-high budget deficit in February 2020. According to the Monthly Treasury Statement released today...
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Policymakers Should Act Quickly and Responsibly to Boost the Economy
For Immediate Release The threat of the coronavirus (COVID-19) outbreak has spooked markets and appears likely to significantly weaken the economy on...
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ARCHIVE: Budget Offsets Bank
Note (7/14/2022): This analysis is now out of date. We released an updated version of this analysis, available here, which includes updated options...
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Blue Dogs to House Budget Committee: Produce a Budget
Several members of the House Blue Dog Coalition sent a letter to House Budget Committee Chairman John Yarmuth (D-KY) last week calling for the...
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Budget Resolution Principles for Fiscal Year 2021
The Congressional budget resolution should establish national priorities in a responsible manner. Congress should follow these principles to craft a...
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Lawmakers Release Emergency Funding Request on Coronavirus
Appropriators released today their $8.3 billion emergency funding bill to deal with the Coronavirus outbreak, $5.8 billion more than the $2.5 billion...
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Thoughtful Deficit Reduction in the President’s Budget
While much of the decline in debt as a share of GDP in the President’s Fiscal Year (FY) 2021 budget comes from rosy economic growth assumptions and...
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How Much Does a Payroll Tax Holiday Cost?
President Trump tweeted support for a one-year payroll tax cut Monday evening, saying: The Democrats in the House should propose a very simple one...
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Maya MacGuineas: Both Republicans and Democrats are ignoring a growing danger to our economy and national security: the national debt
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...