Every year of delay promises more pain to come by requiring more changes to be implemented at a faster rate to avert ...

The Senate adopted its Fiscal Year (FY) 2026 budget resolution last night, kicking off the reconciliation process. Unfortunately, the budget is about a year too late and includes ...

The Senate Budget Committee released a Fiscal Year 2026 budget resolution today that is expected to receive a vote in the full Senate soon. The resolution includes reconciliation instructions allowing ...

Interest costs will exceed $1 trillion this year and have nearly tripled from $345 billion in Fiscal Year (FY) 2020. By FY ...

Estimate for revenue loss from Supreme Court ruling against IEEPA tariffs assumes refunds. The Administration’s aggregate ...

Senator Ron Wyden (D-OR), the Ranking Member of the Senate Finance Committee, introduced five bills this week to close tax loopholes, improve tax compliance, and otherwise raise revenue.

On March 26, 2026, the House Budget Committee held a hearing titled “The Best Metric to Reverse the Curse: A 3% Deficit-to-GDP Path to Fisc ...

The Consumer Price Index (CPI) increased a massive 0.9% in March, driven largely by rising energy prices, and is up 3.3% over the past year – putting CPI inflation at its highest point in nearly two ...

Including assumed macroeconomic effects, CEA estimated that when incorporating the effects of OBBBA, tariffs, discretionary cuts, energy reforms, and deregulation: CRFB will track these claims over ...

Reconciliation is a special legislative process created as part of the Budget Act of 1974. It is intended to help lawmakers make the tax and mandatory spending changes necessary to meet the levels ...