How Much COVID Funding Remains Unspent?
As part of a potential deal to raise the debt ceiling, policymakers are considering rescinding remaining funding for COVID-19 relief.
Read MoreBreaching the Debt Ceiling Could Make Federal Borrowing More Expensive
The recent volatility in interest rates shows that breaching the debt ceiling could make federal borrowing much more expensive.
Read MorePayroll Taxes: What Are They and What Do They Fund?
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
Read MoreFive Different Ways of Raising Taxes on the Wealthiest Americans
Many options exist to reduce the imbalance between spending and revenues, including additional taxes on wealthier Americans.
Read MoreHealthcare Spending in the United States Remains High
Healthcare spending in the United States totaled 18.3 percent of gross domestic product (GDP) in 2021.
Read MoreAlmost 25% of Healthcare Spending is Considered Wasteful. Here’s Why.
The United States has one of the most expensive health systems in the world, hampering the country’s fiscal and economic well-being.
Read MoreBudget Basics: Who Pays Taxes?
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts.
Read MoreHow Can Fiscal Policy Help Reduce Inflation?
Responsible fiscal policy can play an important complementary role to monetary policy in helping to moderate inflation.
Read MoreWhat’s the Difference between CUTGO and PAYGO?
CUTGO is short for “cut-as-you-go.” An internal rule used by the House of Representatives, it does not apply to consideration of legislation in the Senate.
Read MoreInterest 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.
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