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 ...

Mike Murphy is Senior Vice President and Chief of Staff for the Committee for a Responsible Federal Budget, where he manages policy research and analysis on a variety of topics related to fiscal ...

After modestly reducing deficits in Fiscal Year (FY) 2025 by reducing the present value cost of the student loan program, the reconciliation law is projected to add significantly to near-term deficits ...

The Senate has passed its version of the Fiscal Year (FY) 2025 reconciliation bill – the One Big Beautiful Bill Act (OBBBA). The table below is a comprehensive tally of each provision included in the ...

In 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government has borrowed an additional $23 trillion, bringing ...

In our recent analysis, The Fiscal Impact of the Harris and Trump Campaign Plans, we found that the campaign policy plans from both Vice President ...

The below tool was created prior to the permanent extension of the expiring Tax Cuts and Jobs Act provisions as enacted by the One Big Beautiful Bill Act; its calculations are now out of date. We plan ...

Today, the Social Security and Medicare Trustees released their annual reports on the long-term financial state of the Social Security and Medicare programs. Today’s reports are the first to ...

Today, the Congressional Budget Office (CBO) released its Long-Term Budget Outlook, again confirming the budget’s unsustainable long-term trajectory. Under its baseline, CBO projects federal debt held ...

Social Security turns 90 today – but its retirement program is on course to be insolvent by age 97 – according to new estimates from the program’s Chief Actuary. Even if combined with the disability ...

With insolvency rapidly approaching, failing to address Social Security’s imbalances is an implicit endorsement of a 21 percent benefit cut imposed on all beneficiaries regardless of age, income, or ...