Biden Administration
Latest
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House to Vote on Emissions Rule Repeal
The House of Representatives is expected to vote this week on a joint resolution to disapprove a rule finalized by the Environmental Protection Agency...
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Lawsuit Alleges Department of Education May Imminently Cancel Student Debt
According to a complaint filed by a coalition of state attorneys general (AGs) led by Missouri, the Department of Education is preparing student loan...
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Congress Should Strengthen Administrative PAYGO
The Fiscal Responsibility Act (FRA) of 2023 re-established Administrative PAYGO (Pay-As-You-Go) – a rule requiring the executive branch to offset...
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Trump and Biden: Partisan Breakdown of New Debt
In their time in office, both former President Trump and President Biden approved trillions of dollars in new ten-year borrowing both for COVID...
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Trump and Biden: Timing of New Debt
In a recent analysis , we estimated that President Trump approved $8.4 trillion of new ten-year borrowing during his term in office, while President...
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Trump and Biden: Executive Actions
In a recent analysis, we estimated that former President Trump approved $8.4 trillion of new ten-year borrowing ($4.8 trillion excluding the CARES Act...
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Trump and Biden: Debt Growth
We recently estimated that former President Trump and current President Biden approved $8.4 trillion and $4.3 trillion of new ten-year borrowing (or...
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Trump and Biden: The National Debt
The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by...
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How Much will Biden’s Tariffs Raise?
President Biden recently announced increases to a number of tariffs on Chinese imports, including for lithium-ion batteries, electric vehicles, and...
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Student Debt Plan Would Add Hundreds of Billions to Deficit
The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this...
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Spending Cuts in the President's FY 2025 Budget
The President's Fiscal Year (FY) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and...
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Comparing Spending Levels in the President’s 2025 Budget
President Biden proposes spending nearly $7.3 trillion in Fiscal Year (FY) 2025, or 24.8 percent of Gross Domestic Product (GDP), under his latest...