From September 2024 through August 2025, the federal government borrowed $1.9 trillion based on estimates from the ...

Fiscal Year 2025 will end on September 30, and none of the 12 appropriations bills to fund the government have been signed into law.

As Congress considers the possibility of a second reconciliation bill, lawmakers should ensure it reduces deficits rather ...

Medicaid provides health insurance to nearly 71 million people, and will cost the federal government over $650 billion this ...

The White House’s Council of Economic Advisors (CEA) expects much more robust growth, but also a similar pattern. CEA expects ...

Media CoverageSocial Security benefits face 24% cut in less than a decade as trust fund dries up, new analysis reveals Read more ...

Several times a year, the non-partisan Congressional Budget Office (CBO) releases its “baseline” projections of future spending, revenue, deficits, and debt. In addition, the President and Congress ...

Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on MSNBC's "Ana Cabrera Reports" to ...

Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The recently-enacted One Big Beautiful Bill Act ...

In the first seven months of Fiscal Year (FY) 2024, spending on net interest has reached $514 billion, surpassing spending on both national defense ($498 billion) and Medicare ($465 billion). Overall ...

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 Presidents Trump and Biden during their time in ...

2025-02-06-In a closed-door meeting with House Leadership today President Trump reportedly outlined his tax priorities.