The Congressional Budget Office (CBO) recently released its updated economic projections for 2025 through 2028, updated from its ...

Fiscal Year (FY) 2025 will end at midnight on September 30, and unless policymakers agree on passing all 12 appropriations bills or passing a continuing resolution (CR) before then, the federal ...

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 ...

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

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

Although a significant share of federal spending goes toward health care and Social Security, the budget covers many other areas from defense to food stamps to education.

It would take roughly $7.5 trillion of deficit reduction over the next decade to bring the deficit down to 3 percent of GDP by 2035, and $9 trillion to hold debt to 100 percent of Gross Domestic ...

How Will OBBBA Impact Growth? The recently enacted reconciliation law, OBBBA, extended or revived and expanded large parts of the 2017 TCJA and introduced new tax cuts and spending, while offsetting ...

Medicaid provides health insurance to nearly 71 million people, and will cost the federal government over $650 billion this year – nearly double what it cost ten years ago. 1 This cost growth is ...

Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on Fox Business' "Mornings With Maria" to discuss revenue from President Trump's tariffs and Treasury Secretary ...