FISCAL BLOG

Even if Congress raises the debt ceiling and avoids default, last-minute brinksmanship alone has the potential to create economic damage.

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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.

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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.

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A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.

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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.

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The treatment of carried interest continues to be one of the most controversial elements of the U.S. tax code.

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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.

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Just eight actions over the past two years will add an estimated $2.3 trillion to deficits between 2021 and 2031.

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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.

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Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).

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