CBO projects that rising debt will also slow economic growth and boost interest rates. Over the long term, we estimate based ...

The Committee's Senior Vice President and Senior Policy Director, Marc Goldwein, recently appeared on CBS Evening News Plus to discuss the recent estimates of the House-passed One Big Beautiful Bil ...

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 ...

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

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 ...

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

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 ...

Source: Congressional Budget Office and CRFB estimates. *Interactions and post-score adjustments reflect CRFB estimates of likely interactions between titles and the Rules Committee print released on ...