Chart Pack: Economic Outlook
A selection of charts providing an overview of the U.S. economic outlook.
Read MoreHow Much Do We Spend on the Federal Workforce?
Here, we examine the federal government’s expenditure on its workforce, the evolution of its size over time, and the opportunities for budget savings.
Read MorePayroll Taxes: What Are They and What Do They Fund?
Payroll taxes fund social insurance programs including Social Security and Medicare and are the second-largest source of revenues for the federal government.
Read MoreTax Reform Alone May Not Be Enough to Stabilize the National Debt
A new report from the Tax Foundation breaks down the drivers of the fiscal imbalance and concludes that tax increases alone cannot solve the problem.
Read More10 Largest Budget Functions
Here are the top ten spending categories for the federal budget.
Read MoreThe U.S. Dollar Is the World’s Reserve Currency. Why Does That Matter?
The country’s unsustainable fiscal outlook threatens to diminish the dollar’s standing, which would have damaging fiscal and economic consequences for the United States.
Read MoreMedicare’s Hospital Insurance Trust Fund Could Be Exhausted in 7 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 MoreDespite Decades of Warnings, Depletion of Social Security’s Trust Fund Is Getting Closer
The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.
Read MoreSocial Security Will Be Depleted By 2032, and Other Takeaways From the Trustees Report
Social Security’s primary trust fund is projected to be depleted by 2032, at which point, benefits for every recipient will be automatically cut by 22 percent.
Read MoreSocial Security and Medicare Trust Funds Will Be Depleted Within the Next Decade
The latest Trustees’ report projects that the Old-Age and Survivors Insurance Trust Fund will be depleted in 2032 — one year earlier than projected in the last two reports.
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