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

In Fiscal Year (FY) 2024, federal outlays totaled $6.8 trillion (23.4 percent of GDP) while federal revenues totaled $4.9 ...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

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

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

Yesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a year for cash tips for eligible employees in ...

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

The developing House reconciliation bill is shaping up to add roughly $3.3 trillion to the debt through Fiscal Year (FY) 2034 ...

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

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

As lawmakers continue to negotiate new policies and adjustments to the House’s reconciliation bill, the “One Big Beautiful Bill Act,” the list of expected changes appear to be moving the bill i ...

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