The gross national debt of the United States reached $37 trillion yesterday according to the U.S. Treasury. Gross debt had been held roughly constant at around $36.2 trillion since January after the ...

On August 7, the Trump Administration finalized a new set of “reciprocal tariff rates” that generally range from 10 to 41 ...

The federal government borrowed $1.9 trillion over the past year – August 2024 to July 2025 – based on estimates from the ...

Pay-As-You-Go” or PAYGO rules and laws require offsets for new tax cuts and mandatory spending so they do not add to the debt ...

CMS’s efforts to reduce waste, fraud, and abuse go further. For example, CMS recently announced that they were more aggressively targeting Medicare Advantage (MA) audits through their Risk Adjustment ...

Earlier this month, the President signed the 2025 reconciliation law – also known as the “One Big Beautiful Bill Act” (OBBBA) ...

Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on MSNBC's "Ana Cabrera Reports" to discuss the latest inflation reports, President Trump's trade negotiations ...

Before the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) ...

Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The recently-enacted One Big Beautiful Bill Act ...

A Dark Day for Our Fiscal Future 2025-07-03 The House of Representatives passed the Senate reconciliation bill, sending it to the President’s desk.

The Congressional Budget Office (CBO) just published their “current policy” score of the Senate reconciliation bill, showing the bill would add about $500 billion less to the deficit than extending ...

2025-06-23-Note: the Joint Committee on Taxation (JCT) has put together a current law score of the Senate Finance Committee tax proposals, which roughly match our numbers in this analysis.