Deficits
Republicans still aren’t taking the national debt seriously
In a world where federal policymakers were treating America's national debt with the seriousness it deserves, Friday might have been a crucial turning point in Washington. First, the House Budget Committee voted down…
Republican reconciliation package will lead to $3 trillion annual deficits
The reconciliation package taking shape in the House will add at least $3.3 trillion to the debt through 2034, according to a new analysis by the Committee for a Responsible Federal Budget (CRFB). And if various…
Elon Musk and DOGE discover that serious spending cuts are ‘really difficult’
As recently as March 27, Elon Musk was still confident that the Department of Government Efficiency (DOGE), the cost-cutting initiative he unofficially headed, could reduce annual federal spending by $1 trillion. But during a…
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