The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many of the deadlines could bring additional costs if Congress acts irresponsibly, or ...

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 is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt ...

Already in 2024, spending on net interest surpassed all spending on Medicare and defense. With higher rates and debt, its ...

In Fiscal Year (FY) 2027, we estimate the House reconciliation bill would boost deficits to about 7.0 percent of GDP, which ...

As the House considers a reconciliation package that is shaping up to add $3.3 trillion to the debt over a decade as writte ...

The House of Representatives’ Fiscal Year (FY) 2025 reconciliation bill – titled the One Big Beautiful Bill Act of 2025 (OBBBA) – would add ...

The House of Representatives passed its Fiscal Year (FY) 2025 budget reconciliation bill, which now moves to the Senate for its consideration.

The Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the On ...

As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trilli ...

Update (4/11/2025): The Senate adopted the budget described below on April 5, 2025, and the House adopted the budget on April 10, 2025, making this ...