Working to find actionable solutions to the nation's key challenges.

CBO’s DREAM Act Projections Provide an Incomplete Picture of Federal Costs

Kenneth Megan / Blog January 5, 2018

According to just-released CBO projections, passage of the latest version of the DREAM Act would increase budget deficits by around $26 billion by 2027.

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Pete Domenici: The Senator of a Bygone Era

Economy / News January 3, 2018

Pete Domenici was the type of senator who makes Americans proud of their democratic government. He loved being a senator because it gave him a chance to craft legislation that improved people’s lives.

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Coming Soon: Another Step Toward $1 Trillion Deficits in FY2019

Steve Bell / Blog December 20, 2017

When Congress goes to pass funding for Fiscal Year 2019, lawmakers will discover that the sum of tax cuts and spending increases will virtually assure that federal deficits will reach $1 trillion in FY19. Americans can’t afford—literally and figuratively—to ignore the looming return of $1 trillion annual federal deficits and the waterfall of impacts they will create.

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BPC Forecasts Debt Limit “X Date” in March

Economy / Press Release December 1, 2017

BPC forecasts that the “X Date,” when the federal government will no longer be able to meet its financial obligations in full and on time, will occur sometime in March 2018.

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CBO Projects Spring Debt Limit Crunch, Similar to Previous BPC Estimate

Economy / Press Release November 30, 2017

Absent action by Congress to extend the debt limit, BPC previously estimated that the “X Date” could arrive sometime in March.

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When Will Federal Deficits Hit $1 Trillion Next?

Steve Bell, Tim Shaw, Jack Rametta / Blog October 26, 2017

The Congressional Budget Office (CBO) projected in its June budget baseline that in Fiscal Year 2022 the federal deficit will once again exceed $1 trillion (4.5 percent of GDP). However, much has happened since that CBO estimate was made. Three hurricanes have battered the United States and its territories, congressional leaders on both sides have suggested increases in discretionary spending…

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2017 Debt Limit Analysis

Economy / Research August 24, 2017

Policymakers would need to act in advance of October if they intend to ensure that all obligations of the U.S. government are paid in full and on time.

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Cost of Approaching Debt Limit “X Date”

Tim Shaw, Jack Rametta, Shai Akabas / Blog August 11, 2017

As the debt limit “X Date” approaches, lost in the mix are warning signs that appear ahead of time, which carry costs for American taxpayers.

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Congress dances on the (debt) ceiling, and it’s not pretty

Economy / News August 2, 2017

If the legal limit on federal borrowing is not lifted sometime in early to mid-October, the US might not have enough money to pay all of its bills when they are due.

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Statement by BPC’s Future of Health Care Experts on Senate’s Unsuccessful Health Care Vote

Health / Press Release July 28, 2017

Statement from BPC’s Expert Panel on the Future of Health Care following the unsuccessful effort of the Senate to pass the Health Care Freedom Act.

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