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Issues: Defense Spending

America’s fiscal, economic, and national security are closely linked. Learn more about U.S. defense spending.

A Valuation Approach to Government Balance Sheet

“It is possible investors have been consistently mispricing the government debt,” writes Zhengyang Jiang.

Dave Walker at Institute of Medicine

Our health care system is in serious trouble, and Washington is engaged in a great debate on health care reform.

Here’s Everything the Federal Government Has Done to Respond to the Coronavirus So Far

The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.

How Have States Used Their Direct COVID Relief Funds?

Here are some notable trends showing how lower levels of government have spent some of their relief funds.

Q4 GDP Continues to Grow, Though at a Much Slower Pace

New data from the Bureau of Economic Analysis (BEA) shows a sharp drop in the rate of economic growth at the end of last year.

How Did the TCJA Affect Corporate Tax Revenues?

For the first few years after TCJA’s enactment, revenues from corporate taxes dropped sharply, but they returned to pre-TCJA levels starting in 2021.

CBO: Recent Budget Deal Will Add $1.7 Trillion to the National Debt over the Next 10 Years

The budget projections released by the Congressional Budget Office (CBO) reaffirm the perilous path of deficits and debt expected over the next decade.

How Much Does the United States Spend on Prescription Drugs Compared to Other Countries?

The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.

Infographic: President Biden and Congress Face a Range of Complex and Urgent Policy Issues

Putting our economy on a path to recovery continue to be the most pressing priorities for our nation. At the same time, our fiscal outlook has worsened considerably.