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Latest Articles
National Debt on Track to Reach Record High in Just Four Years
CBO’s latest projections come at a key time, as lawmakers will be faced with a range of critical fiscal decision points in the coming year. Here are seven takeaways from the report.
7 Key Charts on Tax Breaks
The United States lost an estimated $1.9 trillion in revenues through tax expenditures in 2024.
Lawmakers are Running Out of Time to Fix Social Security
Without reform, the combined Social Security trust funds will be depleted in 2035.
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10 Key Facts about Student Debt in the United States
A college education has undeniable, lifelong economic benefits, but excessive levels of student debt can impose financial burdens on borrowers.
How Is K-12 Education Funded?
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.
Here’s What We Know about Foreign-Born Workers, and How They Compare to the Native-Born Population
A substantial part of the labor force is foreign born, so an understanding of that population’s characteristics is key to understanding the overall economy.
How Does the Aging of the Population Affect Our Fiscal Health?
As a large portion of the American population lives well beyond retirement age, the total cost of providing healthcare will grow as well.
The Federal Government’s Support for Low-Income Housing Expanded During the Pandemic
The federal government spent $67 billion on housing assistance in 2023, representing just over 1 percent of total federal outlays.
How Much Funding Do State and Local Governments Receive from Federal Government?
Over the last four decades, federal grants to state and local governments have made up about 17 percent of their total revenues.
What Is the Farm Bill, and Why Does It Matter for the Federal Budget?
The Farm Bill provides an opportunity for policymakers to comprehensively address agricultural, food, conservation, and other issues.