The House Budget Committee reported out a Fiscal Year 2025 budget resolution last week that would facilitate reconciliation legislation permitting $2.8 trillion in deficit increases through 203 ...

The budget resolution includes $3.3 trillion of net allowable deficit increases – from $4.8 trillion of deficit increases ...

The $3 trillion of claimed dynamic feedback is 14 times as large as the average estimate of $213 billion. Producing $3 ...

The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...

The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, ...

Reduce revenue by $5.0 trillion to $11.2 trillion over ten years. Lower revenue by 1.3 to 3.0 percent of Gross Domestic Product (GDP). Boost debt to between 132 and 149 percent of GDP by 2035, if not ...

The debt ceiling was reinstated on January 2, 2025. Lawmakers should lift it as soon as possible rather than relying on ...

The House Budget Committee released a proposed budget resolution for Fiscal Year (FY) 2025 today. The budget resolution includes reconciliation instructions that would allow up to $4.8 trillion in new ...

David Stockman is a board member of the Committee for a Responsible Federal Budget, former director of the Office of Management and Budget, and former US Representative for Michigan.

Outside of reconciliation, the budget also includes a net $7.8 trillion of deficit reduction over the next decade that would result in the debt stabilizing at its current level of 99 percent of Gross ...

The United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according to the latest ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...