Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will ... Fiscal conservatives are advocating for spending cuts, which Democrats have sought to blunt.

Federal spending can be broken down into two primary categories, mandatory and discretionary. Mandatory spending represents ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of p ...

Congress must move beyond the broken “discretionary” budget system and enact reforms to the federal budget as well as to how the CBO tracks federal spending. U.S. federal budgeting has two ...

So, it essentially could cover all federal discretionary spending, and perhaps even be used to halt mandatory spending such as Medicaid. (States are reporting they have been unable to access ...

Elon Musk of the Department of Government Efficiency has sought to find $1 trillion or $2 trillion to cut from the federal ...

From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by ...

The White House budget office on Wednesday rescinded an order freezing federal grants after the administration’s move to halt ...

This technical note explains how we adjust the Congressional Budget Office (CBO) ten-year budget baseline issued in January 2025 to create our CBPP baseline, which we use in our analyses of ...

Donald Trump’s second term in office is already generating controversy on topics as diverse as birthright citizenship and ...

WASHINGTON — President Trump on Wednesday defended his temporary freeze on federal grants and loans ... on certain discretionary spending, payments such as government grants – only for ...