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 ...

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 ...

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 ...

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 ...

As Congress considers the possibility of a second reconciliation bill, lawmakers should ensure it reduces deficits rather than adds to them as the first one did. One of the many disappointments of 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NOTE: This is an old version of this analysis and contains out-of-date estimates with policies proposed through June 24, 2016.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 ...

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

Note: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and Biden. In the recent GOP primary presidential ...