The One Big Beautiful Bill triggers automatic $500B Medicare cuts under PAYGO, impacting seniors' healthcare access starting ...

The Republican-led 'One Big Beautiful Bill' could lead to automatic spending cuts, slashing up to $550 billion from Medicare ...

Thanks to the fact that they didn't put a PAYGO waiver in their MAGA Murder Bill, cuts could kick in automatically.

The PAYGO budget rule has been rendered nearly meaningless by both parties. After three full decades of on-again, off-again use, PAYGO has utterly failed to prevent the national debt from ballooning.

PAYGO has already been in place - and ignored - for most of the last two decades. From 1991 through 2002, PAYGO existed as a statute. The White House would keep a running scorecard of all newly ...

President Obama is establishing a reputation for misrepresenting his own policies. He promoted his "stimulus" bill as an immediate, anti-recessionary cash infusion, even though most spending won't ...

In January, the Senate joined the House in passing "pay-as-you-go" rules to require Congress to pay for new discretionary spending. On Feb. 12, President Obama signed the bill. "Now Congress will ...

Statutory PAYGO calls for the creation of a “PAYGO scorecard.” 10 When new legislation is enacted, its estimated costs or savings in each of the next 10 years are entered on a scorecard.

Both versions of PAYGO have been popping in and out of existence over the last few decades. The federal law was first established in 1990, then allowed to expire in 2002. Congress passed a new ...

PAYGO first became law in 1990, as a way to rein in the deficits of the 1980s. But Presidents Bill Clinton and George W. Bush waived the law during periods of major economic growth.

In a single year, the plan may exceed PAYGO limits. In addition, about 40 percent of the federal budget, programs for education, energy, the military, etc., would not be covered by PAYGO, said Orszag.