The Congressional Budget Office (CBO) released an updated cost estimate for the House-passed One Big Beautiful Bill Act ...

The idea to establish a fiscal commission has had broad bipartisan support, including from members of the House Problem Solvers Caucus, a bipartisan majority of the Senate, a diverse group of experts ...

Enacting a rescissions package is a first step toward the major deficit reduction this country needs. We are borrowing nearly $2 trillion annually, on pace to hit record debt within a few years, and ...

Although the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, ...

If policymakers enact the House-passed reconciliation bill, they will need to find at least $17 trillion in savings to balance the budget.

The House-passed One Big Beautiful Bill Act (OBBBA) would add roughly $3 trillion to the debt including interest throug ...