The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural ...

While lawmakers can still pass debt-financed tax cuts and mandatory spending increases under statutory PAYGO, the law requires them to review these decisions and ensure that they are not ...

The Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Revi ...

Maya MacGuineas is the President of the Committee for a Responsible Federal Budget. Her areas of expertise include budget, tax, and economic policy. Through the Committee’s project, FixUS, she also ...

The Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a ...

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 ...

Members of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger ...

The federal debt is nearly the size of the economy, and deficits are expected to exceed $1 trillion almost every year going forward. In order to help policymakers offset the cost of new spending ...

The “Earned Income Tax Credit” is paid out to working families with low to moderate incomes. A family with more children receives a larger credit. The Earned Income Tax Credit is listed as both a ...

Explore the data and track the trillions of dollars of federal spending, tax cuts, loans, grants, and subsidies authorized and disbursed in the wake of the coronavirus pandemic and economic crisis.

Under current law, your retirement benefits will be below what is scheduled. For a typical person, that's a in lifetime benefits. * Estimates based on the 2021 Social Security Trustees report, ...

In May, CBO released an update to its Budget and Economic Outlook, showing cumulative deficits from 2014 to 2023 of $6.3 trillion and debt reaching 73.6 percent of GDP in 2023. We have also updated ...