Medicaid provides health insurance to nearly 71 million people, and will cost the federal government over $650 billion this ...

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 ...

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 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 ...

Fiscal Year 2025 will end on September 30, and none of the 12 appropriations bills to fund the government have been signed into law.

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 ...

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The TCJA repealed the personal exemption and in its place nearly doubled the standard deduction to roughly $15,000 per adult by 2025. These options would extend current policy, further increase the ...

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 ...

The White House released its Fiscal Year (FY) 2025 budget proposal today, outlining President Biden’s tax and spending priorities for the next decade. The budget proposes $3.3 trillion of net deficit ...