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News

June 18, 2026

Tax Reform Alone May Not Be Enough to Stabilize the National Debt

A new report from the Tax Foundation breaks down the drivers of the fiscal imbalance and concludes that tax increases alone cannot solve the problem.

June 18, 2026

Chart Pack: Healthcare

These charts illustrate the growth in U.S. healthcare spending and how it affects the federal budget.

June 17, 2026

The Fed Held Its Target Range For the Fourth Meeting in a Row but Interest Costs Remain High 

High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.

June 16, 2026

10 Largest Budget Functions

Here are the top ten spending categories for the federal budget.

June 12, 2026

The U.S. Dollar Is the World’s Reserve Currency. Why Does That Matter?

The country’s unsustainable fiscal outlook threatens to diminish the dollar’s standing, which would have damaging fiscal and economic consequences for the United States.

June 11, 2026

Delaying Fiscal Reform is Costly, Annual Treasury Report Warns

The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.

June 10, 2026

Senators We Elect in 2026 Will Have to Deal with Automatic Social Security Cuts

Without congressional action within the next six years, millions of Social Security recipients will face an automatic benefit cut of approximately 22 percent.

June 10, 2026

Medicare’s Hospital Insurance Trust Fund Could Be Exhausted in 7 Years

Without reform, Medicare spending will continue to rise over the coming years — threatening the HI Trust Fund and placing immense pressure on the federal budget.

June 10, 2026

Despite Decades of Warnings, Depletion of Social Security’s Trust Fund Is Getting Closer

The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.

June 10, 2026

Debt vs. Deficits: What’s the Difference?

The words debt and deficit come up frequently in debates about policy decisions. The two concepts are similar, but are often confused.