In 2027, we estimate the House reconciliation bill would boost deficits to about 7.0 percent of GDP, which is more than ...

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

The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week.

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

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 credit rating agency Moody’s downgraded the credit rating of the US government from “Aaa” to “Aa1,” specifical ...

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

Sources: Committee for a Responsible Federal Budget, Congressional Budget Office, Joint Committee on Taxation, and House committees. Notes: Unscored figures are rounded to the nearest $10 billion; ...

The House reconciliation bill extends the cap on the state and local tax (SALT) deduction, raising it to $30,000 for taxpayers making less than $400,000 per year and phasing it down to $10,000 above ...

Source: Joint Committee on Taxation & CRFB estimates. Figures may not sum due to rounding. “Permanent” estimates rounded to nearest $10 billion in most cases. The bill permanently extends expiring ...