The gross national debt of the United States reached $39 trillion yesterday, according to the U.S. Treasury. The gross debt reached its previous milestone of $38 trillion in October of last year.
Former Senator Mark Udall, a Democrat who represented Colorado in the U.S. Senate from 2009 to 2015, and former Congressman Bob Beauprez, a Republican who represented Colorado’s 7 th District in the ...
The Trump Administration is reportedly considering an executive action – at the urging of lawmakers in both the ...
In the midst of the conflict with Iran and spiking oil prices, policymakers are reportedly considering – and some have introduced – a temporary gas tax holiday to reduce the p ...
CBO’s dynamic score of OBBBA is similar to that of other forecasters. Through FY 2034, CBO estimates the bill will increase primary deficits by $3.1 trillion and total deficits by $4.2 trillion. Other ...
As the military conflict with Iran continues, there has been increasing discussion over a possible “war supplemental” to help ...
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 ...
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 One Big Beautiful Bill Act (OBBBA) included important reforms to limit states’ costly use of State Directed Payments ...
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 ...
Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the Carolina Journal, an excerpt of which is below. Few fiscal issues are as ...
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 ...
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