Outside of reconciliation, the budget also includes a net $7.8 trillion of deficit reduction over the next decade that would result in the debt stabilizing at its current level of 99 percent of Gross ...
Reduce revenue by $5.0 trillion to $11.2 trillion over ten years. Lower revenue by 1.3 to 3.0 percent of Gross Domestic ...
David Stockman is a board member of the Committee for a Responsible Federal Budget, former director of the Office of Management and Budget, and former US Representative for Michigan.
The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from ...
The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...
This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...
The United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according to the latest ...
The $3 trillion of claimed dynamic feedback is 14 times as large as the average estimate of $213 billion. Producing $3 ...
According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to ...
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...
The Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion ...
President Trump's tariffs include a 10 percent additional tariff on all imports from China that went into effect on February 4. We estimate that this tariff will raise $20 billion in revenue through ...
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