The federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the ...

The United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according to the latest ...

Rather than weakening the SALT cap, lawmakers should strengthen it. Concern over the marriage penalty could be addressed by reducing the SALT cap to $5,000 for single filers or setting a new ...

As we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled expiration at the end of 2025 is unlikely to boost ...

In a reversal from 2023, policymakers enacted $1 trillion of ten-year debt increases in 2024, including roughly $380 billion ...

Committee president Maya MacGuineas recently appeared on Bloomberg's "Balance of Power" to discuss President-elect Trump's comments on the debt ceiling, the House and Speaker's plan for a reconcili ...

Lawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that includes reconciliation instructions in order to ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy opt ...

The Committee’s Board comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of ...

Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November. This bill would repeal the Windfall ...