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The White House’s Council of Economic Advisors (CEA) expects much more robust growth, but also a similar pattern. CEA expects ...
It would take roughly $7.5 trillion of deficit reduction over the next decade to bring the deficit down to 3 percent of GDP ...
Importantly, the CRFB Adjusted August 2025 Baseline does not incorporate the dynamic effects from OBBBA nor other changes to ...
Social Security turns 90 today – but its retirement program is on course to be insolvent by age 97 – according to new estimates from the program’s Chief Actuary. Even if combined with the disability ...
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on MSNBC's "Ana Cabrera Reports" to ...
Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The recently-enacted One Big Beautiful Bill Act ...
A Dark Day for Our Fiscal Future 2025-07-03 The House of Representatives passed the Senate reconciliation bill, sending it to the President’s desk.
The Senate passed its budget reconciliation bill, the One Big Beautiful Bill Act (OBBBA), which would add over $4 trillion to the national debt through 2034 – $1 trillion more than the House-passed ...
The Social Security and Medicare Trustees estimated in their 2025 annual reports on the programs that the retirement and hospital trust funds will become insolvent in 2033 – only eight years from ...
CEA’s incredible feedback assumptions come from ignoring the effects of OBBBA on spending and interest costs, ignoring the negative impact of rising national debt, and assuming unrealistically high ...
2025-06-23-Note: the Joint Committee on Taxation (JCT) has put together a current law score of the Senate Finance Committee tax proposals, which roughly match our numbers in this analysis.