Budget Basics Archive

Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts because they focus on one type of tax in isolation rather than the various taxes that people face in aggregate.
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.
Here are the top ten spending categories for the federal budget.
CBO plays a vitally important role in the federal budget process.
Jul 20, 2017
Capitol Building
Sequestration was designed to be a blunt instrument, whose arbitrary effects would be so undesirable that they would compel policymakers to reach compromise on budget legislation rather than allow the cuts to go into effect.
Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
While a 10-year window is currently the standard, the number of years covered by budget resolutions has varied.
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.

Voters' Fiscal Guide 2020

Your fiscal and economic headquarters for the 2020 election.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.