Other Spending
Latest
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The Total Cost of Student Debt Cancellation
Including the Biden Administration’s new student debt cancellation plan, we estimate all recent student debt cancellation policies will cost a...
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Appropriations Watch: FY 2024
Updated 4/24/2024: On Tuesday, April 23, the Senate passed a package of national security-oriented bills passed by the House on Saturday, April 20...
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What's in the Latest House National Security Supplementals?
The House of Representatives is set to soon vote on a series of national security-related supplemental appropriations bills. Three of the bills...
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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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Adding Debt to Tax Deal Would Be a Costly Blunder
Some lawmakers have recently suggested combining the House-passed Tax Relief for American Families and Workers Act of 2024 (also known as Wyden-Smith...
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CRFB Reacts to President Biden’s Student Loan Plan
President Biden today announced a new student debt cancellation plan. Specifically, the plan would cancel up to $20,000 of accrued interest for...
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Student Debt Cancellation Resources Page
Overview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student debt levels in the United...
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New RECA Bill Would Worsen the Debt
The Senate is expected to vote this week on a bill ( S.3853) to dramatically expand the Radiation Exposure Compensation Act (RECA) created to...
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College Cost Reduction Act Could Save $150 Billion, Lower Tuitions
UPDATE: On May 10, 2024, the Congressional Budget Office estimated the College Cost Reduction Act would save $185 billion over a decade, including...
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Congress Just Prevented Pell Costs from Exploding
The cost of the Pell Grant program already exceeds its funding. A recently announced change from the Department of Education, made due to an error in...
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Government Shutdowns Q&A: Everything You Should Know
The third continuing resolution (CR) for Fiscal Year (FY) 2024 expires in two tranches, the first of which funds 4 of the 12 appropriations bills and...
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84 Percent of Spending Growth Will Come from Health, Social Security, and Interest
Budget deficits are projected to grow from $1.7 trillion in Fiscal Year (FY) 2023 to $2.6 trillion by 2034 according to the Congressional Budget...