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 ...

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

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 ...

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

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 ...

The House of Representatives passed its Fiscal Year (FY) 2025 budget reconciliation bill, which now moves to the Senate for its consideration.

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

In Fiscal Year (FY) 2024, federal outlays totaled $6.8 trillion (23.4 percent of GDP) while federal revenues totaled $4.9 ...

Yesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a year for cash tips for eligible employees in ...