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The United States spent $725 billion on national defense during fiscal year (FY) 2020 according to the Office of Management and Budget, which amounts to 11 percent of federal spending.
Here’s an overview of inflation, why it matters, and how it’s managed.
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.
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.
These infographics portray headline results from each national survey that can help inform policymakers during and after this crisis.
A key assessment of poverty in America is the Official Poverty Measure (OPM), which is calculated by the United States Census Bureau using a range of income and economic data.
Every year the Social Security and Medicare Boards of Trustees issue reports on the fiscal health of these vital programs.
Medicare faces significant financial challenges in future years because of rising healthcare spending and an aging population.