House Proposes Modest Increase in Defense Spending
The House Appropriations Committee approved a bill that would provide $761.7 billion in defense funding during fiscal year 2023 — a proposed increase of 5 percent.
Read MoreWhat Is in the Inflation Reduction Act and How Much Will It Reduce the Deficit?
The enactment of the Inflation Reduction Act is a promising step forward in our nation’s fiscal situation seriously.
Read MoreThe Ratio of Workers to Social Security Beneficiaries Is at a Low and Projected to Decline Further
Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.
Read MoreWill Allowing Medicare to Negotiate Prices of Prescription Drugs Result in Cost Savings?
The price of prescription drugs in the United States is high and rising, with costly consequences both for consumers and for the federal balance sheet.
Read MoreShould We Lower the Medicare Eligibility Age to 60?
Last year, lawmakers in the House introduced the Improving Medicare Coverage Act in an effort to make healthcare more affordable for older Americans by lowering the age of eligibility for Medicare from 65 to 60.
Read MoreThe Federal Reserve Will Begin Reducing Its Holdings of Treasury Notes and Bonds
The Fed recently announced it will begin reducing the size of its balance sheet this month to combat high inflation and a tight labor market.
Read MoreFive Charts about the Future of Social Security and Medicare
The Social Security and Medicare Trustees released their annual reports, which show that these vital programs are on an unsustainable path.
Read MoreWhy Did the Federal Government Get Involved in Student Loans?
Skyrocketing student debt has generated significant discussion about ways to improve the financing of higher education in the United States.
Read MoreDo Higher Interest Rates Make a Debt Crisis More Likely?
The likelihood of a return to higher interest rates is “both reasonably likely at some point and potentially calamitous for the federal government and broader economy.”
Read MoreHow Do Federal Student Loans Affect the National Debt?
Student debt held has been steadily increasing ever since the federal government switched to direct lending.
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