Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
Child poverty has remained relatively high in the United States for much of the past decade.
Debt held by the public totaled 97 percent of gross domestic product (GDP) at the end of 2022 and is on track to exceed its previous all-time high.
Because government shutdowns are unique to the U.S., it is helpful to understand their history, why they occur here, and how peer countries avoid them.
Lawmakers have previously implemented various forms of caps to restrain spending and such efforts have been effective at times
Most options to increase revenues relate to the payroll tax, since that is where most funding for the trust fund stems from today.
A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.
Medicare is an essential federal program that provides health insurance to millions of older Americans.
Governance issues can harm the U.S. economy as well as decrease the country’s standing in financial markets, which has implications for interest costs and the nation’s fiscal sustainability.