Here’s How Raising the Minimum Wage Would Affect Everything from Household Incomes to the National Debt
Setting a higher minimum wage would affect family incomes in a variety of ways, including increasing earnings for most low-wage workers and lifting some families out of poverty.
Read MoreThe National Debt Will Grow to Be Twice the Size of the Economy
The debt growing to double the size of GDP is, in many respects, a symbolic milestone — but it is a clear indicator of the monumentally unsustainable path of our fiscal trajectory.
Read MoreWhat Are Overseas Contingency Operations?
Military activities are funded by federal appropriations. Learn more about how military spending is used to meet national priorities in war zones.
Read MoreWhat Are Estate and Gift Taxes and How Do They Work?
Estate and gift taxes are levied on the transfer of assets. Two areas of the tax code that are relatively small in dollar terms, but can generate a significant amount of attention and even controversy in the broader conversation about wealth.
Read MoreDecade in Review: Looking Back at CBO Projections Then and Now
Let’s take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.
Read MoreHow Do We Measure Poverty? Is There a Better Way to Do It?
Here’s an overview of how poverty is measured, concerns about the poverty measure, and the potential effect of proposed changes.
Read MoreWhat Is the Fiscal Gap?
A newly updated report, prepared by Ernst & Young, reexamines the federal government’s long-term fiscal outlook through the “fiscal gap” measure.
Read MoreSix Challenges to Retirement Security
The number one financial worry for Americans is having enough money for retirement — and for good reason.
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