The Congressional Budget Office (CBO) released its Monthly Budget Review for June 2025, estimating that federal spending, a ...

Committee for a Responsible Federal Budget President Maya MacGuineas was recently interviewed for a new CNBC special report, "America's Deficit Reckoning," which includes discussions with a dozen e ...

The Senate bill includes $4.5 trillion of net tax cuts, $1.4 trillion of gross spending cuts, and $0.3 trillion of gross ...

The bill does not include any significant direct changes to Social Security and Medicare, since the reconciliation Byrd rule ...

Yes, the economy may well enjoy a sugar-high the next couple of years, as borrowing stimulates near-term consumption. But a sugar-high won’t be sustained, it will do real damage, and often what comes ...

The House is set to consider the Senate-passed reconciliation bill. Below we outline 15 major problems with the Senate-passed bill.

We estimate the Senate’s direct SALT relief is roughly 10 percent larger than the House, and the combined SALT relief and Alternative Minimum Tax (AMT) changes are two-thirds larger.1 If made ...

The Congressional Budget Office (CBO) just published their “current policy” score of the Senate reconciliation bill, showing the bill would add a ...

The Senate passed its budget reconciliation bill, the One Big Beautiful Bill Act (OBBBA), which would add over $4 trillion to the national debt through 2034 – $1 trillion more than the House-pa ...

As it currently stands, the Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt through Fiscal Year (FY) 2034, based on our estimates.

Although we have not produced a full estimate of the bill, it appears to add roughly $4 trillion to the debt through 2034, including interest – which is roughly $1 trillion higher than the ...

The latest Senate version of the One Big Beautiful Bill Act (OBBBA) would likely add roughly $4 trillion to the national debt, including interest. 1 The Senate bill would also violate the House ...