The Senate adopted its Fiscal Year (FY) 2026 budget resolution last night, kicking off the reconciliation process. Unfortunately, the budget is about a year too late and includes ...

Every year of delay promises more pain to come by requiring more changes to be implemented at a faster rate to avert ...

The Senate Budget Committee released a Fiscal Year 2026 budget resolution today that is expected to receive a vote in the full Senate soon. The resolution includes reconciliation instructions allowing ...

Interest costs will exceed $1 trillion this year and have nearly tripled from $345 billion in Fiscal Year (FY) 2020. By FY ...

Senator Ron Wyden (D-OR), the Ranking Member of the Senate Finance Committee, introduced five bills this week to close tax loopholes, improve tax compliance, and otherwise raise revenue.

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; ...

Find the latest analysis and findings on the Biden Administration from the Committee for a Responsible Federal Budget.

Reconciliation is a special legislative process created as part of the Budget Act of 1974. It is intended to help lawmakers make the tax and mandatory spending changes necessary to meet the levels ...

Estimate for revenue loss from Supreme Court ruling against IEEPA tariffs assumes refunds. The Administration’s aggregate ...