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 ...

Limiting the SALT cap to a low level and including an upper-income limit would limit revenue loss and maintain progressivity.

The developing House reconciliation bill is shaping up to add roughly $3.3 trillion to the debt through Fiscal Year (FY) 2034 and is setting the stage for more than $5.2 tr ...

The Ways & Means bill contains numerous new tax cuts and breaks, most of which would expire after 2028. These tax breaks as written would increase deficits by $660 billion; however, if they are ...

The House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt including interest or $5.2 trillion if its temporary provisions are made ...

On April 10, following action in the Senate, the House adopted a final concurrent budget resolution setting the stage for work on a future reconciliation bill. This version of the resolution was first ...

At the same time, the draft would temporarily boost the standard deduction by an additional $1,000 to $2,000 for four years and boost the Child Tax Credit by an additional $500 (from $2,000 to $2,500) ...

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 federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget ...

The 10-year Treasury yield today is approaching 4.4 percent, over 50 basis points above the intra-day low a month ago on ...

The Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 ...