FISCAL BLOG

One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.

Proponents argue that a well-designed benefit reduction policy would improve the equitability by better balancing the payouts between low- and high-income earners.

With a divided government, an opportunity exists for lawmakers to seek and find common ground on the nation’s pressing fiscal and economic challenges.

Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.

The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.