From September 2024 through August 2025, the federal government borrowed $1.9 trillion based on estimates from the ...

Fiscal Year 2025 will end on September 30, and none of the 12 appropriations bills to fund the government have been signed into law.

As Congress considers the possibility of a second reconciliation bill, lawmakers should ensure it reduces deficits rather ...

Medicaid provides health insurance to nearly 71 million people, and will cost the federal government over $650 billion this ...

The White House’s Council of Economic Advisors (CEA) expects much more robust growth, but also a similar pattern. CEA expects ...

The enactment of the One Big Beautiful Bill Act (OBBBA), new tariffs framework, and other changes have meaningfully changed the fiscal outlook since the Congressional Budget Office’s (CBO) January ...

Social Security turns 90 today – but its retirement program is on course to be insolvent by age 97 – according to new estimates from the program’s Chief Actuary. Even if combined with the disability ...

On August 7, the Trump Administration finalized a new set of “reciprocal tariff rates” that generally range from 10 to 41 percent. Assuming they remain in place, these and a variety of previously ...

The Social Security and Medicare trust funds are only a little more than seven years from insolvency, based on projections from the programs’ own Trustees in combination with our estimates of the ...

After modestly reducing deficits in Fiscal Year (FY) 2025 by reducing the present value cost of the student loan program, the reconciliation law is projected to add significantly to near-term deficits ...

The House of Representatives passed the Senate reconciliation bill, sending it to the President’s desk. This bill will be the most expensive reconciliation bill in history, adding $4.1 trillion to the ...