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The Latest Breaking News from Maya MacGuineas

‘Maya MacGuineas should be ashamed’: Scott Bessent launches war of words with the nonpartisan think tank that agrees with Trump on tariffs

For her part, MacGuineas said Bessent’s diatribe was “a bit of an odd response.”

Fortune

‘Nothing short of self-sabotage’: Watchdog warns about national debt setting new record in just 4 years

“Our nation’s deficits, debt, interest payments, and trust funds are all in terrible shape,” says Maya MacGuineas, president of the CRFB.

Fortune

America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026

“The longer lawmakers wait, the higher the price for Americans,” warned Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

Fortune

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President Trump just missed a key deadline to share his spending plans: Fears are mounting about what that means for $38.5 trillion national debt

“We won’t be able to fix the debt without touching Social Security, Medicare, defense, or revenue—the math just doesn’t work. And we can’t count on heroic growth rates or crashing interest rates,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB).

Fortune

As Trump throws a bone to Gen Z on student debt, watchdog calls it an 'incoherent political giveaway,' straight out of Biden's playbook

Student-debt collections are being halted again, as they have for over half a decade now.

Fortune

Jamie Dimon warns $38 trillion national debt is going to 'bite': 'You can't just keep borrowing money endlessly'

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, echoed: "Despite being more than a quarter into [2026] our government is still not fully funded for the rest of the fiscal year, with another funding deadline around the corner in just over two weeks."

Fortune

‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB says

The plan to protect Obamacare would cost nearly $550 billion over 10 years if it were made permanent, the budget watchdog said.

Fortune

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The shutdown 'accomplished nothing and caused significant harm' to many people, budget watchdog says, giving 'new meaning to fiscal irresponsibility'

"It's hard to imagine the bar for dysfunctional government getting any lower than it is right now," said the Committee for a Responsible Federal Budget.

Fortune

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”

Fortune

CRFB Slams $1.8 Trillion Deficit Amid 'Pointless And Wasteful' Shutdown: 'Will Lose Our Status As A Superpower'

The Committee for a Responsible Federal Budget (CRFB), a nonpartisan budget watchdog, condemned the ongoing U.S. government shutdown as “pointless and wasteful”, while unveiling the staggering $1.8 trillion federal deficit for the fiscal year 2025.

Benzinga

$1.8 trillion deficit revealed during 'pointless and wasteful government shutdown,' budget watchdog says

The U.S. is on track to borrow nearly $2 trillion per year for the next decade, the CRBF notes. "How can anyone think this is sustainable?"

Fortune

The new Trump-led tax bill promises an American ‘golden age’ – that conveniently ends with his presidency

Tax relief contained within One Big Beautiful Bill Act would expire when president leaves office – what happens then?

The Guardian - US

US budget deficit grows to $1.3 trillion, the second highest six-month level on record

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year

The Independent UK

Spartz links vote on Johnson to commitment on spending - Roll Call

Rep. Victoria Spartz, R-Ind., has linked her vote for House speaker to a commitment to properly oversee federal spending.

Roll Call

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Reason

Senate Tees Up $200 Billion Social Security Giveaway to Public Sector Workers

The Social Security Fairness Act will boost payouts to public sector workers who receive pensions and did not pay taxes to support Social Security.

International Business Times

Interest On US National Debt Tops 'Truly Astounding' $1 Trillion For First Time

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

WEKU

The clock is ticking to fix Social Security as retirees face automatic cut in 9 years

Social Security's finances have improved slightly in the last year. But the popular retirement program still faces big challenges including the threat of automatic benefit cuts in less than a decade.

WEKU

House Republicans aim to pay for Israel aid with cuts to IRS funds

Democrats want Israel and Ukraine funding to be linked together. House Republicans are proposing a standalone bill with roughly $14 billion for Israel offset with cuts to the Internal Revenue Service.

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WEKU

The federal deficit nearly tripled, raising concern about the country's finances

The federal government's budget gap widened significantly in the first nine months of the fiscal year, as tax receipts slumped and spending increased.

WEKU

What you need to know about the debt ceiling as the deadline looms

What is the debt ceiling? What could happen if it's not raised? Here are answers to questions you may be asking about the debt limit and the fight over it.

Fortune

The debt limit fight is a 'game of chicken' that only has one loser: The U.S. economy

There could be serious economic damage in the U.S. and elsewhere if the debt ceiling fight nears the default deadline.

Tribune News Service

Congress will miss its budget deadline. That’s not unusual

WASHINGTON — Unlike the annual tax-filing deadline at roughly the same time, Congress’ April 15 target date for agreeing on a joint budget resolution is set to come and go with no practical effect on the everyday lives of Americans.

Roll Call

Congress will miss its budget deadline. That's not unusual. - Roll Call

Congress is set to blow past its April 15 target date for a joint budget resolution, which has been the rule rather than the exception.

WEKU

Why we have a debt ceiling, and why this trip to the brink may be different

We have been here before. But this time the House's new Republican majority is largely driven by a faction that says it will hold the debt limit vote as a hostage to win policy changes.

WEKU

Here's why a high-stakes debt ceiling fight looms on Capitol Hill

House Republicans want to leverage must-pass legislation to raise the debt limit to extract federal spending cuts, but President Biden and congressional Democrats aren't interested in negotiating.

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