The “One Big Beautiful Bill Act” (OBBBA) will add $4.2 trillion to the national debt through Fiscal Year (FY) 2034 or $4.7 ...
On March 11, 2026, Committee for a Responsible Federal Budget President Maya MacGuineas testified before the Fiscal Responsibility and Economic Growth Subcommittee of the Senate Committee on Financ ...
The United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest ...
Recessions and other economic shocks are inevitable. Although the timing and particulars of the next downturn or emergency are hard to anticipate, one can predict with certainty that another will ...
Senators John Curtis (R-UT) and Angus King (I-ME) recently introduced the Fiscal Commission Act, a bipartisan bill that would establish a fiscal commission to address the nations ...
The federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the ...
The national debt will rise to 175% of Gross Domestic Product (GDP) by 2056 – or $168 trillion – according to the ...
The Trump Administration recently imposed a temporary broad-based 10% tariff using authority under Section 122 of the Trade Act of 1974, in response to the Supreme Court ruling that the majority of ...
Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the ...
Amid the growing bipartisan interest in the Fiscal Contingency Preparedness Act (FCPA), below are some frequently asked questions and answers about the bill. What does the bill do?
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