Adopting a current policy baseline would therefore allow lawmakers to hide $3.4 trillion to $4.6 trillion of borrowing through FY 2034 and to increase the 2035 deficit by $500 billion (about 1.2 ...

The House of Representatives will soon consider a budget resolution for Fiscal Year (FY) 2025, which was reported favorably out of the House Budget Committee on February 13.

The House of Representatives just voted to approve its Fiscal Year 2025 budget resolution, a vehicle to allow for budget reconciliation legislation that could pave the way for $2.8 trillion of ...

The Committee’s Board comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of ...

Marc Goldwein, senior vice president and senior policy director of the Committee for a Responsible Federal Budget, gave a presentation on the recent House and Senate budget resoluti ...

The federal student loan program has a $1.6 trillion outstanding portfolio of loans and is projected to issue an additional trillion dollars in loans over the next decade.

The Federal Reserve’s preferred measure of inflation — the personal consumption expenditure (PCE) index — came in at 0.3 percent in January, twice the Federal Reserve’s implied target of 0.17 p ...

The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA).

The House Budget Committee reported out a Fiscal Year 2025 budget resolution last week that would facilitate reconciliation legislation permitting $2.8 trillion in deficit increases through 203 ...

The budget resolution approved by the House Budget Committee last week includes reconciliation instructions for the Energy and Commerce Committee to reduce deficits by at least $880 billion.

Note (2/19/2025): The below analysis was written before the committee marked up the resolution and added a requirement for an additional $500 billion of savings; we have updated our analysis here. The ...