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

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

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 ...

Several times a year, the non-partisan Congressional Budget Office (CBO) releases its “baseline” projections of future spending, revenue, deficits, and debt. In addition, the President and Congress ...

Media CoverageSocial Security benefits face 24% cut in less than a decade as trust fund dries up, new analysis reveals Read more ...

There is growing consensus that the federal budget process – the process through which Congress and the President set tax and spending priorities – is in many ways broken. But numerous proposals have ...

Social Security is the single largest federal spending program, providing cash benefits to 60 million seniors, disabled workers, and family members. Yet with life expectancy growing and millions of ...

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: (06/23/2025) Some categorizations and numbers in the Ways and Means' section of the table below have been updated to more accurately reflect the bill's potential impact. The House of ...

Interest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing reconciliation negotiations, they are likely to more than ...