Committee for a Responsible Federal Budget8h
Typical Couple Will Lose $25,000 of Social Security from WEP/GPO Repeal
Lawmakers are considering the repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset ...
Committee for a Responsible Federal Budget8h
Senate Will Soon Vote on Speeding Up Social Security Insolvency
Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November.
Committee for a Responsible Federal Budget1d
Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
The United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest ...
Committee for a Responsible Federal Budget3d
12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...
Committee for a Responsible Federal Budget2d
TCJA Extension Might Not Pay for Any of Itself
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, ...
Committee for a Responsible Federal Budget2d
Government Funding Bill Should Not Include New Borrowing or Ignore Important Borrowing Restrictions
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 ...
Committee for a Responsible Federal Budget7d
Reform Needed for Medicaid DSH
Federal Medicaid Disproportionate Share Hospital (DSH) payments are set to face an $8 billion annual reduction – more than 50 ...
Committee for a Responsible Federal Budget3d
CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
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 ...
Committee for a Responsible Federal Budget3d
FY 2025 Reconciliation Resources
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 ...
Committee for a Responsible Federal Budget9d
Reducing the Revenue Loss of TCJA Extension
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 ...
Committee for a Responsible Federal Budget9d
Giving Tuesday
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 ...
Committee for a Responsible Federal Budget10d
Policymakers Should Include Dynamic Scores for Tax Reform
As policymakers consider extending parts of the Tax Cuts and Jobs Act (TCJA) and possibly making other tax changes, there will be discussion about how best to score the deficit effects of any c ...