The House Budget Committee is set to mark up a budget resolution for Fiscal Year (FY) 2025 that would facilitate the ...

The debt ceiling was reinstated on January 2, 2025. Lawmakers should lift it as soon as possible rather than relying on ...

The House Budget Committee released a proposed budget resolution for Fiscal Year (FY) 2025 today. The budget resolution includes reconciliation instructions that would allow up to $4.8 trillion in new ...

The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...

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 $3 trillion of claimed dynamic feedback is 14 times as large as the average estimate of $213 billion. Producing $3 ...

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 ...

According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to ...

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 Product (GDP). The 119th Congress is expected to use the reconciliation process ...

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.

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 ...