Higher Interest Rates Could Cause the National Debt to Skyrocket
Interest rates on U.S. Treasury securities have a significant influence on federal borrowing costs.
Read MoreThese Tax Expenditures Cost Billions More Than Anticipated — Here’s Why
The growing price tags demonstrate that the ultimate cost of a new tax break can be difficult to anticipate.
Read MoreHow 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.
Read MoreBudget Basics: National Defense
The national defense budget funds a wide range of activities and represents a significant share of overall federal spending.
Read MoreHow Much Does the Government Spend on International Affairs?
Federal spending for international affairs, which supports American diplomacy and development aid, is a small portion of the U.S. budget.
Read MoreHow 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.
Read MoreThe 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.
Read MoreSpending on Veterans in the Budget
This piece examines spending on veterans within the budget and outlines the factors that have pushed it higher in recent years.
Read MoreWhat Is the Child Tax Credit?
The CTC is designed to make raising children more affordable by easing the financial burden faced by families.
Read MoreHow 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.
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