US population projections shrink because of declining birth rates, less immigration
The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents ...
Sen. Bernie Moreno probes $22B in tax credits for luxury electric vehicles: ‘Obscene public policy’
More than 70% of EVs are now leased in America before being sold, many of which are taking advantage of a $7,500 tax credit ...
NY, NJ Republicans pushing to double SALT deduction cap to $20K — but could go as high as $100K
New Jersey Rep. Jeff Van Drew said “inflation” has so “ravaged” taxpayers since then that the SALT cap would have to “at ...
Republicans may try budget math that doesn’t count Trump tax cuts
Republican plans to pass a massive new tax cut in the early days of President-elect Donald Trump’s second term are running ...
Spending, regulations and DOGE: Office of Management and Budget director plays vital role helping government get stuff done
The OMB is like the government’s central nervous system – it, and its director, are at the center of pretty much everything.
Committee for a Responsible Federal Budget17h
Case and Womack Renew Efforts with the Sustainable Budget Act
Representatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member bipartisan commission tasked with developing ...
Center on Budget and Policy Priorities1d
Federal Policy Debates in 2025 Carry High Stakes
The decisions that policymakers make could leave many millions of people much worse off while extending and increasing tax ...
U.S. borrowing hits $710 billion in first 3 months of fiscal year
The federal government borrowed $710 billion in the first three months of fiscal year 2025, with 10 days before President-elect Donald Trump takes office.
Corrective action is needed to preserve Social Security, Medicare and Medicaid
Any lasting fiscal reforms must moderate the growth of the largest mandatory spending programs: Social Security, Medicare and ...
Committee for a Responsible Federal Budget5d
CBO Estimates $710 Billion Deficit for First Three Months of Fiscal Year 2025
The United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according to the latest ...
Tax cuts, debt limit, spending caps: Congress faces key fiscal choices this year
The Fiscal Responsibility Act of 2023, which suspended the debt limit until last week, also established binding discretionary ...