This November, the Supreme Court will hold oral arguments on whether a large swath of President Trump‘s tariffs are illegal or not, possibly leading to a ruling before the end of the year. The U.S.

Chris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an op-ed for the Washington Monthly, an excerpt of which is below: ...

The Congressional Budget Office (CBO) recently released its updated economic projections for 2025 through 2028, updated from its ...

Fiscal Year (FY) 2025 will end at midnight on September 30, and unless policymakers agree on passing all 12 appropriations bills or passing a continuing resolution (CR) before then, the federal ...

Social Security turns 90 today – but its retirement program is on course to be insolvent by age 97 – according to new estimates from the program’s Chief Actuary. Even if combined with the disability ...

The House of Representatives passed the Senate reconciliation bill, sending it to the President’s desk. This bill will be the most expensive reconciliation bill in history, adding $4.1 trillion to the ...

Source: CBO, CRFB estimates based on current policy adjustment. Figures may not sum due to rounding. Even these numbers understate the potential costs of the bill, since the legislation relies on a ...

The White House Council of Economic Advisers (CEA) released a report today claiming the Senate’s proposed version of the One Big Beautiful Bill Act (OBBBA) would generate $2.1 to $2.3 trillion of ...

The Medicare and Social Security Trustees released their annual reports on the financial status of the trust funds. Our report on the Social Security trust funds can be found here. The Medicare ...

In a recent letter, the Congressional Budget Office (CBO) estimated that extending and reviving various provisions from the Tax Cuts and Jobs Act (TCJA) would boost debt in Fiscal Year (FY) 2054 from ...

The House of Representatives just voted to approve its Fiscal Year 2025 budget resolution, a vehicle to allow for budget reconciliation legislation that could pave the way for $2.8 trillion of deficit ...