FISCAL BLOG

One of the most fundamental responsibilities of the federal government is to set and pass a budget every year, allocating funding towards the nation’s needs and priorities.

The amount of defense spending in the United States dwarfs that of other nations — we spend more on defense than the next 9 countries combined.

The federal deficit is projected to be over $1 trillion each year for the next 10 years.

At the end of 2021, the nation’s gross debt had reached nearly $30 trillion dollars.

Social Security is the primary source of government-funded retirement support in the United States.

This piece examines spending on veterans within the budget and outlines the factors that have pushed it higher in recent years.

The enactment of the Inflation Reduction Act is a promising step forward in our nation’s fiscal situation seriously.

Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.

To illuminate what the latest economic indicators mean, connect the dots, and discuss how CBO analysis helps policymakers, CBO Director Phillip Swagel joined Peterson Foundation CEO Michael Peterson for the latest Economic Forum.

Today, the nonpartisan Congressional Budget Office (CBO) released its Long-Term Budget Outlook, which offers a look at the nation’s fiscal health through 2052.