The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional ...

The United States borrowed $596 billion from January through March 2025 – up $41 billion from January through March 2024, ...

Congress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that a ...

The concurrent budget resolution for Fiscal Year (FY) 2025, adopted by the House last week and the Senate the week prior, ...

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).

Additionally, reporting indicates that some committees will soon begin marking up their portions of the reconciliation bill. In the House, the Energy and Commerce Committee and the Agriculture ...

The House of Representatives just voted to adopt the Senate-amended Fiscal Year (FY) 2025 concurrent budget resolution, making it a concurrent resolution that unlocks fast-track reconciliation ...

In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...

The concurrent budget resolution for Fiscal Year (FY) 2025 has been adopted by both the House and Senate. It includes reconciliation instructions that set up trillions of dollars in additional ...

In total, we estimate that the average weighted tariff rate on imports will rise to roughly 21 percent, much higher than the world’s average tariff rate of about 5 percent on U.S. goods. Over time, we ...

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 ...