Congress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that a ...

If the $5.8 trillion estimate is correct, it would not only be more than double the House budget's $2.8 trillion, but also ...

In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...

The United States borrowed $596 billion from January through March 2025 – up $41 billion from January through March 2024, according to the latest Monthly Treasury Statement from the Treasury De ...

The House of Representatives just voted to adopt the Senate-amended Fiscal Year (FY) 2025 concurrent budget resolution, making it a concurrent resolution that unlocks fast-track reconciliation ...

The federal government has borrowed $2.1 trillion over the past year – April 2024 to March 2025 – based on estimates from the ...

Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 ...

The Senate reconciliation instructions cover deficit changes from FY 2025 through 2034, though few spending or tax changes would take place before 2026. Over the nine-year period from 2026-2034, a ...

The Senate adopted the budget described below on April 5, 2025, and the House adopted the budget on April 10, 2025, making this the concurrent budget resolution for FY 2 ...

The reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year (FY) 2025 would allow for a $4 to $5 trillion debt limit increase. Historically, debt ceiling ...

The Senate is expected to vote tomorrow morning on its Fiscal Year (FY) 2025 concurrent budget resolution following the “vote-a-rama” series of amendments.

If borrowing increases by as much as allowed under the reconciliation legislation, we estimate it would double the growth of debt as a share of Gross Domestic Product (GDP), with debt-to-GDP reaching ...