The Congressional Budget Office (CBO) released an updated cost estimate for the House-passed One Big Beautiful Bill Act ...

The Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) have released new and updated analyses of the tax portions of the One Big Beautiful Bill Act (OBBBA). These analyses account ...

Although the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, ...

Enacting a rescissions package is a first step toward the major deficit reduction this country needs. We are borrowing nearly $2 trillion annually, on pace to hit record debt within a few years, and ...

The idea to establish a fiscal commission has had broad bipartisan support, including from members of the House Problem Solvers Caucus, a bipartisan majority of the Senate, a diverse group of experts ...

The House of Representatives’ Fiscal Year (FY) 2025 reconciliation bill – titled the One Big Beautiful Bill Act of 2025 (OBBBA) – would add ...

If policymakers enact the House-passed reconciliation bill, they will need to find at least $17 trillion in savings to balance the budget.

The House-passed One Big Beautiful Bill Act (OBBBA) would add roughly $3 trillion to the debt including interest throug ...

Source: Congressional Budget Office and CRFB estimates. *Interactions and post-score adjustments reflect CRFB estimates of likely interactions between titles and the Rules Committee print released on ...

The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many of the deadlines could bring additional costs if Congress acts irresponsibly, or ...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...