The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural ...

While lawmakers can still pass debt-financed tax cuts and mandatory spending increases under statutory PAYGO, the law requires them to review these decisions and ensure that they are not ...

The Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Revi ...

The Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a ...

The letter follows a growing chorus of calls on the need to address rising debt and deficits and can be found here.

Recently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent ...

Members of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger ...

Former President Donald Trump recently proposed eliminating taxes on overtime pay. On a static basis, we estimate ending taxes on all overtime pay would reduce revenue by $1.7 trillion from Fiscal ...

In 2025, large parts of the 2017 Tax Cuts & Jobs Act (TCJA) are scheduled to expire. Extending the expiring individual and estate tax provisions alone would increase primary deficits by $3.9 trillion ...

From September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office (CBO). This is a nearly $500 billion increase from our ...