Lawmakers have unveiled a tax overhaul framework, outlining a number of changes to individual and corporate taxes.
A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
There's ongoing discussion in Washington about making changes to Medicaid. Learn more about the program.
Social Security and Medicare affect nearly every American at some point in their lives.
"Congress should be taking into account when designing fiscal policy is the need to achieve sustainability of this debt path over time,” Yellen said.
CBO warns “high and rising debt would have serious negative consequences for the budget and the nation” in its new report.
As the Trump administration marks the 100 day milestone, a number of pressing fiscal issues remain to be resolved.
Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.
As lawmakers look pursue a range of policy priorities, there are a number of fiscal concerns on the calendar over the coming months.
Trump outlined some broad strokes of his budget proposal, but lawmakers and voters are anxious to see where the administration stands on a number of issues.