In this piece, we show that over 75 years, borrowing to fund Social Security could: Add over $150 trillion to the debt when adjusted for inflation, or over $700 trillion nominally Boost debt by over ...

The federal budget deficit totaled $1.74 trillion between November 2024 and October 2025 according to estimates from the ...

The legislation to end the current government shutdown and temporarily fund the government would also wipe the current ...

President Trump proposed paying a dividend of “at least $2,000 a person” with new tariff revenue in a post on Truth S ...

On October 16, the chamber failed to advance, by a vote of 50 to 44, the defense spending bill that previously passed the House on July 18. On September 10, House Appropriations Committee Chairman Tom ...

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 ...

Instead, policymakers should enact a clean CR to re-open the government. Then they should work to pass appropriations bills. Any sequester relief, like any ACA subsidy extension, should be fully ...

The House is preparing to vote on a Continuing Resolution-Minibus appropriations bill which passed the Senate on Monday.

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 ...

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 ...

The TCJA repealed the personal exemption and in its place nearly doubled the standard deduction to roughly $15,000 per adult by 2025.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 ...