Source: CRFB estimates based on estimates from the Social Security Administration’s Actuarial Services, rounded to the nearest 5%. Note: Figures represent current estimates of what the policies would ...
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 ...
Interest costs will exceed $1 trillion this year and have nearly tripled from $345 billion in Fiscal Year (FY) 2020. By FY ...
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 ...
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.
Estimate for revenue loss from Supreme Court ruling against IEEPA tariffs assumes refunds. The Administration’s aggregate ...
On March 26, 2026, the House Budget Committee held a hearing titled “The Best Metric to Reverse the Curse: A 3% Deficit-to-GDP Path to Fisc ...
The Trump Administration released its Fiscal Year (FY) 2027 budget request today. While the President’s budget typically presents a comprehensive plan for addressing discretionary spending, mandatory ...
Social Security is less than seven years from insolvency, at which point the law calls for a 24% across-the-board benefit cut. Yet despite facing large deficits, Social Security now pays the ...
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