Senators John Curtis (R-UT) and Angus King (I-ME) recently introduced the Fiscal Commission Act, a bipartisan bill that would establish a fiscal commission to address the nations ...
Recessions and other economic shocks are inevitable. Although the timing and particulars of the next downturn or emergency are hard to anticipate, one can predict with certainty that another will ...
The United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest ...
The federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the ...
Under CBO’s latest projections, the interest rate will exceed the growth rate (R>G) starting in 2031, when both are projected to total about 3.8% on a nominal basis and 1.8% on a real basis. Over time ...
Social Security is the bedrock of the U.S. retirement system, providing benefits for 70 million Americans. And yet, with the program projected to be insolvent by 2032, few understand how the program ...
The Trump Administration recently imposed a temporary broad-based 10% tariff using authority under Section 122 of the Trade Act of 1974, in response to the Supreme Court ruling that the majority of ...
Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the ...
The national debt will rise to 175% of Gross Domestic Product (GDP) by 2056 – or $168 trillion – according to the Congressional Budget Office's (CBO) ...
Amid the growing bipartisan interest in the Fiscal Contingency Preparedness Act (FCPA), below are some frequently asked questions and answers about the bill. What does the bill do?
Federal health programs will cost over $26 trillion through 2036, under the Congressional Budget Office (CBO) baseline, making health care the largest category of federal spending. In this piece, we ...
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