Medicare’s Hospital Insurance Trust Fund Could Be Exhausted In 8 Years
Without reform, Medicare spending will continue to rise over the coming years — threatening the HI Trust Fund and placing immense pressure on the federal budget.
Read MoreSocial Security Faces Serious Financial Shortfalls and Other Takeaways From the Trustees Report
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
Read MoreSocial Security and Medicare Trust Funds Could Be Depleted Within the Next Decade
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
Read MoreWhat Are Earmarks and What Purpose Do They Serve?
Earmarks have been controversial, but nevertheless were reinstated by Congress in 2021 after a 10-year moratorium.
Read MoreWhat Are Treasury’s “Extraordinary Measures” on the Debt Ceiling?
When the government reaches its debt ceiling, the Treasury can use various accounting maneuvers, so-called “extraordinary measures,” to forestall a default.
Read MoreBudget Basics: The National Flood Insurance Program
The National Flood Insurance Program is run by the federal government to reduce the impact of flooding on private and public structures.
Read MoreQuiz: How Much Do You Know About the U.S. Tax System?
The lengthy and complex United States tax code can be difficult to understand. Take our quiz to see how much you really know.
Read MoreNo Tax on Social Security Would Weaken Both Social Security and Medicare
Republicans in Congress are considering several new tax cuts that would reduce federal revenues by trillions of dollars over the next decade.
Read MoreThe United States Spends More on Defense than the Next 9 Countries Combined
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2023.
Read MoreSocial Security Reform: Options to Adjust Benefits
A well-designed benefit reduction policy would improve the equitability by better balancing the payouts between low- and high-income earners, say proponents.
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