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Your insider source for honest fiscal facts and actionable insights that drive America’s debt debate.

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Latest Issues

Debt Digest | Withhold pay from Congress during shutdowns

Photo by Marek Studzinski on Unsplash

Here are this week’s reading links and fiscal facts:

  • Withholding pay from members of Congress can motivate passing budgets on time. Alexander Bolton reports in The Hill: “The Senate on Wednesday u...
6 days ago
4

A Federal Gas Tax Holiday Would Be Expensive and Ineffective

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Gas prices have surged due to the war in Iran. In response, President Donald Trump and Senator Josh Hawley (R-MO) have proposed suspending the federal gas tax for up to 180 days.

The proposal has bipartis...

7 days ago
9

Debt Digest | AI will fix the US debt beliefs are the new Modern Monetary Theory (MMT)

Photo by Nahrizul Kadri on Unsplash

Here are this week’s reading links and fiscal facts:

  • The Joint Economic Committee Republican Report confronts hard budget truths. The 2026 Joint Economic Report makes an important contribution by cl...
9 days ago
6

The Iran war could be a $300 billion shock — driving up mortgage rates and squeezing wages

This article first appeared as an op-ed in MarketWatch, on May 13, 2026. Read it here.

Eight in 10 Americans say gasoline prices are straining their household budgets, according to a new NPR/PBS News/Marist Poll. The Iran war has pushed av...

12 days ago
16

In the Press: FEMA reform, Saver's Match Price Tag, and Social Security Event

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FEMA reform is promising

NPR quotes Dominik Lett on the Federal Emergency Management Agency (FEMA) Review Council’s recommendations to overhaul the agency:

“The devil is in the details here,” sa...

13 days ago
10

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Authors

The writers behind this newsletter.

  • Romina Boccia

    Director of Budget and Entitlements | Cato Institute

  • Dominik Lett

    Policy Analyst | Budget and Entitlement Policy | Cato Institute

  • Ivane Nachkebia

    Research Consultant for Budget and Entitlement Policy | Cato Institute

  • Ritvik Thakur

    Research Associate in Budget and Entitlement Policy | Cato Institute

  • Tyler Turman

    Research Associate in Budget and Entitlement Policy | Cato Institute

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