In a reversal from 2023, policymakers enacted $1 trillion of ten-year debt increases in 2024, including roughly $380 billion ...

Chris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal, an excerpt of which is below.

Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November. This bill would repeal the Windfall ...

Lawmakers are considering the repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Not only would this repeal unfairly expand windfall benefits by ...

Despite claims that tax cuts pay for themselves, analyses from across the political spectrum have found that the economic effects of extending the expiring parts of the Tax Cuts and Jobs Act (TCJA) ...

The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according to the latest Monthly Budget Review from the ...

With the passage of the Social Security Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt in calendar year 2024 – a reversal from 2023’s $1 ...

Congressman John Spratt, a former longtime Representative from South Carolina and a member of the Committee for a Responsible Federal Budget, died Saturday at the age of 82. The following is a ...

From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO) Monthly Budget Review. This is a $51 billion ...

The United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest Monthly Treasury Statement from the Treasury Department ...