The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...
The United States borrowed $601 billion in the first three months of Fiscal Year (FY) 2026, including $143 billion in December, according to the latest ...
The resolution expresses the sense of the House of Representatives that the United States should reduce and maintain the federal unified budget deficit at or below 3% of GDP while acknowledging that ...
In a post on Truth Social, President Trump called for increasing the Fiscal Year (FY) 2027 defense budget to $1.5 trillion, rather than $1 trillion he said he previously wanted to propose. We ...
Under the CRFB August Adjusted Baseline, debt will reach 120% of Gross Domestic Product (GDP) and deficits will rise to $2.6 ...
In a recent Wall Street Journal article, Richard Rubin highlighted an important fact: the Social Security retirement trust ...
Momentum has been growing in support of a 3% of GDP deficit target, including bipartisan support from policy experts and business leaders concerned about the nation’s debt. And as the cosponsors of ...
The House passed a discharge petition teeing up a vote on an extension of the enhanced Affordable Care Act (ACA) subsidies this week, which expired at the end of 2025. The proposal would include a ...
On December 20, the chairman of the House Appropriations Committee, Rep. Tom Cole (R-OK), announced an agreement with the chair of the Senate Appropriations Committee, Sen. Susan Collins (R-ME), on ...
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