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Federal trust funds bear little resemblance to their private-sector counterparts.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
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.
Take our quiz to see how much you really know about how revenues are collected and federal funds are spent.
There is one cap for national defense and another cap for non-defense programs.
Here are the top ten spending categories for the federal budget.
While a 10-year window is currently the standard, the number of years covered by budget resolutions has varied.
Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
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.