Even if Congress raises the debt ceiling and avoids default, last-minute brinksmanship alone has the potential to create economic damage.
As the U.S. reaches its debt ceiling, the Department of the Treasury is now using “extraordinary measures” to keep the federal government from defaulting on its debts.
As the largest program in the federal budget, Social Security is a critical part of our nation’s fiscal picture and vital to millions of elderly recipients.
A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.
Interest rates on Treasury securities are rising faster than most economists anticipated earlier in the year, with potentially serious consequences for the nation’s fiscal position.
The treatment of carried interest continues to be one of the most controversial elements of the U.S. tax code.
Average income among households in the lowest fifth of the income distribution was $23,800, while income for households in the highest fifth averaged $332,100.
Just eight actions over the past two years will add an estimated $2.3 trillion to deficits between 2021 and 2031.
These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).