Statement
Debt Ceiling Agreement Reflects Improvements Over House Bill, Harmful Provisions Remain
The agreement puts hundreds of thousands of older adults aged 50-54 at risk of losing food assistance.
Federal Budget
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Policy Basics
The budget details what the federal government will spend on particular programs and how it will finance that spending.
We analyze the President’s annual budget proposal and major congressional budget plans, focusing especially on programs for low- and moderate-income families. We also examine long-term budget challenges and promote measures to improve fiscal responsibility in an equitable way.
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Debt Ceiling Agreement Reflects Improvements Over House Bill, Harmful Provisions Remain
The agreement puts hundreds of thousands of older adults aged 50-54 at risk of losing food...
Unemployment Insurance Bill More Likely to Hurt Than Help Anti-Fraud Efforts
Rather than reduce fraud, these provisions will complicate and deter ongoing efforts to prevent criminals from defrauding the unemployment insurance...
How House Republicans’ Harsh Funding Caps Would Affect Different, Vital Programs
If any programs are protected from cuts, the unprotected programs would be hit much harder. Drag programs back and forth to see how big the resulting cuts would be to unprotected...
House Debt-Ceiling-and-Cuts Bill Cuts Health Coverage, Food Assistance, Income Support, and Other National Priorities, Gives Billions to Wealthy Tax Cheats
The bill would only raise the debt ceiling through early next year, creating a new opportunity for House Republicans to use the next deadline for another round of...
Roundup: Analyzing House Republicans’ Harmful Debt-Ceiling-and-Cuts Bill
On April 25, the House passed Speaker Kevin McCarthy’s debt-ceiling-and-cuts bill that would use the need to raise the debt ceiling as a bargaining chip to force a set of unpopular, harmful...
Vital Government Services Would Take a $3.6 Trillion Hit in McCarthy Bill
Note, May 19th, 2023: We've updated this post.The bill containing House Republicans’ demands for raising the debt ceiling would impose severe cuts amounting to...
McCarthy Bill Uses Debt Ceiling to Force Harmful Policies, Deep Cuts
Speaker McCarthy hides the full House Republican fiscal...
Ahead of Tax Day, Highlighting Progress and Next Steps for a Rebuilding IRS
This tax season, millions of taxpayers are benefiting from a better-funded IRS that’s answering more taxpayer questions, processing returns timelier, and issuing refunds to families around...
5 Reasons House Republicans Should Stop Using Debt Ceiling as a Bargaining Chip
Congress should raise, suspend, or — best yet — abolish the debt ceiling well before the Treasury runs dry and should not engage in reckless brinksmanship by insisting on attaching other...