As the House considers a reconciliation package that is shaping up to add $3.3 trillion to the debt over a decade as writte ...

Committee for a Responsible Federal Budget President Maya MacGuineas recently joined CBS News' "America Decides" with host Major Garrett to discuss the cycle of the nation's rising debt and deficit ...

The House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt ...

The credit rating agency Moody’s downgraded the credit rating of the US government from “Aaa” to “Aa1,” specifical ...

The Ways & Means bill contains numerous new tax cuts and breaks, most of which would expire after 2028. These tax breaks as written would increase deficits by $660 billion; however, if they are ...

Limiting the SALT cap to a low level and including an upper-income limit would limit revenue loss and maintain progressivity.

The developing House reconciliation bill is shaping up to add roughly $3.3 trillion to the debt through Fiscal Year (FY) 2034 and is setting the stage for more than $5.2 tr ...

The Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 ...

At the same time, the draft would temporarily boost the standard deduction by an additional $1,000 to $2,000 for four years and boost the Child Tax Credit by an additional $500 (from $2,000 to $2,500) ...

The federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget ...

The 10-year Treasury yield today is approaching 4.4 percent, over 50 basis points above the intra-day low a month ago on ...

Committee recently released its proposed reconciliation legislation, which is expected to save over $900 billion through 2034 to help finance the broader reconciliation bill. In a separate piece we ...