Federal Budget Deficits Rising — Even Before Tax Cuts
The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.
Read MoreFive Charts to Help You Better Understand Individual Tax Reform
Lawmakers unveiled a tax overhaul framework recently, outlining a number of changes to individual and corporate taxes.
Read MoreFive Charts to Help You Better Understand Corporate Tax Reform
Lawmakers have unveiled a tax overhaul framework, outlining a number of changes to individual and corporate taxes.
Read MoreWhat’s the Difference Between a Government Shutdown and the Debt Limit?
A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
Read MoreKey Principles to Achieve Tax Reform That Grows the Economy, Not the National Debt
Eight principles that outline the central components of fiscally responsible tax reform.
Read MoreWhat You Need to Know about the Social Security and Medicare Trustees Reports
Social Security and Medicare affect nearly every American at some point in their lives.
Read MoreMedicare Trustees Warn of Serious Financial Shortfalls
An aging population and rising healthcare costs will drive sharp increases in Medicare spending, which will not keep pace with the program’s funding sources.
Read MoreTrustees Warn: Social Security in Financial Trouble
Social Security’s finances are facing growing pressure due to the aging of the population.
Read MoreCBO: Debt Remains High Under President’s Budget
CBO finds that the budget would not reach balance in 2027 as the administration projects.
Read MoreYellen: Congress Should Factor National Debt into Policy Decisions
“Congress should be taking into account when designing fiscal policy is the need to achieve sustainability of this debt path over time,” Yellen said.
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