The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural ...

Under these illustrative scenarios, no taxes on overtime would reduce revenue by $250 billion to $1.4 trillion on a static ...

Members of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger ...

Below are some highlights from our 2024 Budget Bash. From left to right: Committee co-chair Mitch Daniels, former ...

The letter follows a growing chorus of calls on the need to address rising debt and deficits and can be found here.

The Committee’s Board comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of ...

Some of our most important federal programs are financed through dedicated revenue sources and managed through federal trust funds. Over the next decade, these trust funds face a combined $3.2 ...

Recently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent ...

One gimmicky temptation will be to pull a bait-and-switch with budget baselines and pretend that tax cuts should be scored against a “current policy baseline” – a baseline that assumes the policies ...

In May, CBO released an update to its Budget and Economic Outlook, showing cumulative deficits from 2014 to 2023 of $6.3 trillion and debt reaching 73.6 percent of GDP in 2023. We have also updated ...

The federal debt is nearly the size of the economy, and deficits are expected to exceed $1 trillion almost every year going forward. In order to help policymakers offset the cost of new spending ...