Now that the House of Representatives has passed its version of the Fiscal Year (FY) 2025 reconciliation bill – the ...

Leon Panetta and Bill Gradison Jr. are former Members of Congress and a Co-Chair and a Director, respectively, of the Committee for a Responsible Federal Budget. They recent wrote an opinion piece for ...

On the other hand, PWBM and YBL estimate OBBBA will add more to the debt on a dynamic basis than under conventional scoring.

The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many of the deadlines could bring additional costs if Congress acts irresponsibly, or ...

Yesterday, the Senate Health, Education, Labor, and Pensions (HELP) Committee released its part of the Senate reconciliation package, which we estimate will save roughly $355 billion between fiscal ...

The Congressional Budget Office (CBO) released an updated cost estimate for the House-passed One Big Beautiful Bill Act ...

The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA).

Leon Panetta and Bill Gradison Jr. are former Members of Congress and a Co-Chair and a Director, respectively, of the Committee for a Responsible Federal Budget.

Yesterday, the Congressional Budget Office (CBO) estimated that recent tariff policies would reduce deficits by $2.5 to $3 ...

The federal government borrowed $2.0 trillion over the past year – June 2024 to May 2025 – based on estimates from the ...

A deficit-financed reconciliation bill could raise Americans’ mortgage costs by thousands of dollars per year by pushing up ...

Although the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, ...