High debt can put additional pressure on interest rates, further increasing debt and potentially leading to a debt spiral – ...
Both the Treasury and the markets agree we’re on course to borrow $2 trillion this year, up from the $1.8 trillion deficit we logged last year. $2 trillion deficits used to be unheard of, and then ...
As the debt approaches record levels as a share of the economy, the United States government continues to run the highest ...
The Senate Judiciary and Homeland Security and Governmental Affairs (HSGAC) Committees released draft reconciliation legislation for Fiscal Year (FY) 2026 late last night. The Congressional Budget ...
Mitch Daniels is a former Governor of Indiana and former President of Purdue University. He is also a Co-Chair of the Board of Directors of the Committee for a Responsible Federal Budget.
Maya MacGuineas: Social Security is Broken. Benefits Cuts for the Rich Are the Fix. Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece ...
Maya MacGuineas is president of the Committee for a Responsible Federal Budget. Rob Portman is a former Senator from Ohio.
Last week, the Committee on Ways and Means held a hearing on the high cost of hospital care with leaders of various health systems. Over the course of the hearing, Chair Jason Smith (R-MO) and other ...
The debt ceiling currently stands at $41.1 trillion, having been lifted to that level by the One Big Beautiful Bill Act (OBBBA) signed into law on July 4, 2025. Prior to OBBBA’s enactment, the debt ...
On February 3, the President signed into law a bill to end the partial government shutdown that began on January 31. The bill provided Fiscal Year (FY) 2026 funding for several programs: Defense; ...
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