This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...

The Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion ...

According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to ...

President Trump's tariffs include a 10 percent additional tariff on all imports from China that went into effect on February 4. We estimate that this tariff will raise $20 billion in revenue through ...

In order for the reconciliation process to begin, the House and Senate must pass a concurrent budget resolution that includes a deficit reduction or cost target for relevant committees. Each committee ...

The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) ...

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

Sources: Committee for a Responsible Federal Budget estimates mainly based on data from the Congressional Budget Office (CBO) and U.S. Census Bureau. Although we assume these would be “minimum” ...

The Committee’s Board comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of ...

Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the Congressional Budget Office’s (CBO) ...

With the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and major trust funds approaching insolvency, policymakers ...