In early 2018, following passage of the Tax Cuts and Jobs Act (TCJA), the Congressional Budget Office projected revenue co ...

The Congressional Budget Office (CBO) released its January 2025 Budget and Economic Outlook today, projecting that the national debt remains on a ...

Conventional estimates assume tariffs would reduce import levels consistent with elasticities derived from research and that all gained tariff revenue would be subject to income and payroll tax ...

Medicare – a federal program that provides health insurance to seniors and some individuals with disabilities – is one of the ...

The Congressional Budget Office (CBO) released its latest projections for the budget and economic outlook today, projecting ...

A fiscally responsible budget resolution should abide by the following principles: Set a meaningful fiscal goal with a plan to meet that goal The fiscal goal should, at a minimum, put debt on a ...

Committee for a Responsible Federal Budget President Maya MacGuineas joined CNBC's "Squawk Box" to discuss the nation's fiscal outlook, President Trump’s proposed tariff plans and the ongoing ...

The federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the ...

After being suspended by the Fiscal Responsibility Act in 2023, the federal debt ceiling was restored on January 2 and set to the outstanding debt level at that time: $36.1 trillion. In December 2024, ...