
The House Republican Proposal To Avert a Debt Ceiling Crisis Is Untested and Unworkable
Proposals to prioritize certain payments in lieu of increasing the debt ceiling would increase, not decrease, the federal government’s risk of default.
Proposals to prioritize certain payments in lieu of increasing the debt ceiling would increase, not decrease, the federal government’s risk of default.
Several minority leaders in Congress indicate that holding the debt limit hostage to force program cuts in Social Security and Medicare is part of their 2023 playbook.
Author Alan Cohen explains why the COVID-19-induced recession could mean that 3 million workers who turn 60 this year will likely see a significant reduction in their lifetime Social Security benefits.
Congress could pass legislation that would prevent this outcome.
Without substantial, immediate, direct aid to local governments, first responders, teachers, and millions of other vital local government employees will be put out of work—and this will also make the recession deeper and more long lasting.
Critical priorities will be threatened unless Congress and the president reach a budget agreement.
The Tax Cuts and Jobs Act increases federal deficits while failing to address the nation’s most pressing challenges and making inequality worse.
The new House tax bill would add more than $3 trillion to deficits over the second 10 years.
Despite claims that the recently passed tax cut bill will lead to a reduction in deficits and debt, CBO projections indicate that the opposite will be true.
The president's budget pays for his tax cuts for the wealthy and corporations by slashing health care, education, and other critical investments.
PAYGO has always been waived in underlying legislation.
Passing the Senate bill would lead to devastating, automatic cuts to a range of programs.