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3 Ways to Improve the Federal Budget Process

The current budget process is ill-suited for managing the nation’s long-term fiscal affairs. Learn about possible reforms to reimagine the budget process.

America’s Underlying Deficit Doubled in Fiscal Year 2023

In FY23 the federal government officially incurred a budget deficit of $1.7 trillion — about $320 billion higher than last year’s amount.

Budget Basics: Balanced Budget Amendment — Pros and Cons

What is a balanced budget amendment to the Constitution, and how would it work in practice?

Interest Rates Are Climbing Higher Than Expected, Leading to Pressure on the Federal Budget

Interest rates on Treasury securities are rising faster than most economists anticipated earlier in the year, with potentially serious consequences for the nation’s fiscal position.

Lessons Learned: Setting a Bipartisan Fiscal Commission Up for Success

A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.

Poll: Strong Bipartisan Majority of Voters Call for Fiscal Commission

Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.

Strengthening Medicare: Options to Increase Revenues

Most options to increase revenues relate to the payroll tax, since that is where most funding for the trust fund stems from today.

The Deficit Was Cut in Half in 2022 Thanks to the Expiration of Pandemic-Related Spending

One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.

Until COVID-19 Is Under Control, Economic Damage Will Linger, Experts Say

A pair of top policy experts offer insights into the economy, the effectiveness of relief legislation, and what it all means for the election and beyond.

What the Fitch Downgrade Says about our Fiscal Challenges

Fitch Ratings recently downgraded the U.S. long-term credit rating from its top mark of AAA to AA+.