The House Ways and Means Committee approved several bills last week aimed at reducing waste, fraud, abuse, and errors in the federal budget as well as reauthorizing demonstration authority in the ...

Marc Goldwein is the senior vice president and senior policy director for the Committee for a Responsible Federal Budget.

The Congressional Budget Office (CBO) just released its February 2026 Budget and Economic Outlook, its first full ten-year baseline and economic forecast since January 2025. CBO projects that federal ...

The federal budget deficit totaled $1.8 trillion in Fiscal Year (FY) 2025, based on estimates from the Congressional Budget Office (CBO), roughly matching last year’s deficit. Adjusted for timing ...

The federal government raised $195 billion in customs duties in Fiscal Year (FY) 2025, more than 250% of what it collected in FY 2024, according to the final Monthly Treasury Statement of FY 2025.

The U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit for the year. The actual FY 2024 deficit is $82 ...

The Internal Revenue Service (IRS) recently released a new analysis of the “tax gap” – the difference between taxes owed to the federal government each year and the amount actually collected – ...

Given that both Republicans and Democrats are equally to blame for our dismal fiscal situation and even more dismal outlook, lawmakers from both parties bear the responsibility to work across the ...

Congress has now kicked off this year’s “Doc Fix” process, an increasingly annual occurrence where they provide ad-hoc pay ...

This massive increase would be on top of already-significant defense spending levels. The federal government appropriated ...

The federal cost of student loan programs has exploded over the last decade, transforming the program from a money-maker under typical scoring rules to a significant money-loser, based on current ...