As the military conflict with Iran continues, there has been increasing discussion over a possible “war supplemental” to help fund the U.S. military and replenish weapons stocks.

The “One Big Beautiful Bill Act” (OBBBA) will add $4.2 trillion to the national debt through Fiscal Year (FY) 2034 or $4.7 ...

The United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest ...

On March 11, 2026, Committee for a Responsible Federal Budget President Maya MacGuineas testified before the Fiscal Responsibility and Economic Growth Subcommittee of the Senate Committee on Financ ...

Recessions and other economic shocks are inevitable. Although the timing and particulars of the next downturn or emergency are hard to anticipate, one can predict with certainty that another will ...

The Trump Administration recently imposed a temporary broad-based 10% tariff using authority under Section 122 of the Trade Act of 1974, in response to the Supreme Court ruling that the majority of ...

The national debt will rise to 175% of Gross Domestic Product (GDP) by 2056 – or $168 trillion – according to the ...

Senators John Curtis (R-UT) and Angus King (I-ME) recently introduced the Fiscal Commission Act, a bipartisan bill that would establish a fiscal commission to address the nations ...

Under CBO’s latest projections, the interest rate will exceed the growth rate (R>G) starting in 2031, when both are projected to total about 3.8% on a nominal basis and 1.8% on a real basis. Over time ...

Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the ...

The federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the ...

Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the Carolina Journal, an excerpt of which is below. Few fiscal issues are as ...