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Budget Basics Archive
The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
The child tax credit (CTC) is a measure administered though the tax code that is designed to make raising children more affordable by easing the financial burden faced by families.
Interest costs are on track to become the largest category of spending in the federal budget.
Here are the top ten spending categories for the federal budget.
Sequestration is a budget procedure used by lawmakers to cancel or limit funding in order to meet budget goals.
Although the need for serious, long-term changes to the funding structure of the Highway Trust Fund is clear, there is disagreement over the approach to do so.
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
Public schools for students in kindergarten through 12th grade are financed through a combination of local, state, and federal dollars in proportions that vary across and within states.