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Overall, the Republican tax bill, known as the One Big Beautiful Bill Act, would add $2.3 trillion to the deficit over 10 ...
Donald Trump’s so-called One Big Beautiful Bill Act, as passed by House Republicans, would trigger automatic Medicare cuts.
The deficits caused by the tax bill would trigger the Statutory Pay-As-You-Go Act of 2010 and force billions in cuts to ...
The CBO said the GOP’s megabill would lead to $500 billion in cuts to Medicare. Two days later, 215 House Republicans voted ...
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The Democrat-enacted Statutory Pay-As-You-Go (PAYGO) Act of 2010 requires that Congress offset new deficits by the end of each fiscal year. Congress usually waives enforcement of Statutory PAYGO ...
At issue is the so-called "PAYGO" rule, which stands for "pay as you go" and is pretty much what it sounds like: a rule that Congress must pay for its budget decisions as it makes them ...
Given that the federal government pays for about half of long-term care through Medicaid and Medicare, this regulation would cost federal taxpayers more than $20 billion, without a PAYGO.
The nonpartisan CBO estimates that the Republican budget bill that passed the House by one vote this morning would trigger about $500 billion in automatic cuts to Medicare. This is because Congress is ...