Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.
Category: Committee for a Responsible Federal Budget
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U.S. Budget Deficit Rises to $1.8 Trillion in 2024
New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
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Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans
A new analysis finds that Vice President Kamala Harris and former President Donald J. Trump’s plans would both add to the deficit, but Mr. Trump’s proposals could create a fiscal hole twice as big.
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Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans
A new analysis estimates that the former president’s proposals could grow deficits by as much as $15 trillion over a decade.
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The Debt Ceiling Debate Is About More Than Debt
Republicans’ opening bid to avert economic catastrophe by raising the nation’s borrowing limit focuses more on energy policy than reducing debt.
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Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
The New York Times – Business:The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
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Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
The New York Times – Business:The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.