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

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 appropriations process for Fiscal Year (FY) 2026 has begun, with action in both the House of Representatives and the Senate. The discretionary spending caps that were put in place by the Fiscal ...

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 ...

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 ...

It requires significant tax revenue to fund the federal government. Yet the federal tax code has not been reformed in over 30 years, and faces many problems – including that it is littered with ...

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 ...

NOTE: This is an old version of this analysis and contains out-of-date estimates with policies proposed through June 24, 2016. It has been updated with a new analysis covering policies released by the ...

Updated 7/31/2025: The next few years will include several predictable fiscal policy deadlines, as various policies take effect, expire, or change. Many of the deadlines could bring additional costs ...

Former Vice President Joe Biden – the presumptive Democratic nominee for President in the 2020 election – has put forward a variety of tax proposals. Biden would raise the corporate tax rate from 21 ...