The United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest ...

From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...

New data from the Congressional Budget Office (CBO) finds that economic feedback may not cover any of the revenue loss and that TCJA extension might even add more to the debt on a dynamic basis, ...

Having passed zero appropriations bills on time and another zero by the end of the fiscal year, Congress is currently operating under a continuing resolution that expires December 20th, at whic ...

The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according to the latest ...

Federal Medicaid Disproportionate Share Hospital (DSH) payments are set to face an $8 billion annual reduction – more than 50 ...

In order for the reconciliation process to begin, the House and Senate must pass a concurrent budget resolution that includes a deficit reduction or cost target for relevant committees. Each committee ...

Extending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9 trillion ($4.5 trillion with interest) to defici ...

Reconciliation is a special legislative process created as part of the Budget Act of 1974. It is intended to help lawmakers make the tax and mandatory spending changes necessary to meet the levels ...

In 2024, the Committee for a Responsible Federal Budget sought to educate and engage the public, policymakers, and the media about the major fiscal issues facing the nation from Congressional fundi ...

The gross national debt of the United States reached $36 trillion yesterday, just over three months since the previous milestone was reached at the end of July, according to the U.S. Treasury. The ...