The federal government borrowed $1.9 trillion over the past year – July 2024 to June 2025 – based on estimates from the ...

The Congressional Budget Office (CBO) released its Monthly Budget Review for June 2025, estimating that federal spending, a ...

The bill does not include any significant direct changes to Social Security and Medicare, since the reconciliation Byrd rule ...

The Senate bill includes $4.5 trillion of net tax cuts, $1.4 trillion of gross spending cuts, and $0.3 trillion of gross ...

Committee for a Responsible Federal Budget President Maya MacGuineas was recently interviewed for a new CNBC special report, "America's Deficit Reckoning," which includes discussions with a dozen e ...

As it currently stands, the Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt through Fiscal Year (FY) 2034, based on our estimates.

Yes, the economy may well enjoy a sugar-high the next couple of years, as borrowing stimulates near-term consumption. But a sugar-high won’t be sustained, it will do real damage, and often what comes ...

The House is set to consider the Senate-passed reconciliation bill. Below we outline 15 major problems with the Senate-passed bill.

Although we have not produced a full estimate of the bill, it appears to add roughly $4 trillion to the debt through 2034, including interest – which is roughly $1 trillion higher than the ...

We estimate the Senate’s direct SALT relief is roughly 10 percent larger than the House, and the combined SALT relief and Alternative Minimum Tax (AMT) changes are two-thirds larger.1 If made ...

The Congressional Budget Office (CBO) just published their “current policy” score of the Senate reconciliation bill, showing the bill would add a ...

The Senate passed its budget reconciliation bill, the One Big Beautiful Bill Act (OBBBA), which would add over $4 trillion to the national debt through 2034 – $1 trillion more than the House-pa ...