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

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 ...

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.

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

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

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

Mike Murphy is senior vice president and chief of staff at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for NC Political News, an excerpt of which is below.

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

CBO projects that rising debt will also slow economic growth and boost interest rates. Over the long term, we estimate based ...