Medicare – a federal program that provides health insurance to seniors and some individuals with disabilities – is one of the largest and fastest-growing parts of the federal budget.

Representatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act , which would establish an 18-member bipartisan commission tasked with deve ...

The Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $2.0 trillion in calendar year 2024, $711 billion in the first three months of fiscal ...

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

The United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according to the latest ...

According to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to extend the expiring parts of the Tax Cuts and Jobs ...

Lawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that includes reconciliation instructions in order to start ...

Committee president Maya MacGuineas recently appeared on Bloomberg's "Balance of Power" to discuss President-elect Trump's comments on the debt ceiling, the House and Speaker's plan for a ...

As we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled expiration at the end of 2025 is unlikely to boost ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy options to reduce the deficit. Most of the largest options relate to the cost of ...