Lawmakers should ensure that any extension of the enhanced ACA subsidies is not only fully paid for, but also reduces ...

Updated projections from the Congressional Budget Office (CBO) show that tariffs enacted this year will reduce debt ...

But earlier this year, the Social Security trustees issued a dire wake-up call: they project that the trust fund that allows the program to currently pay full promised benefits will be exhausted in ...

In this piece, we show that over 75 years, borrowing to fund Social Security could: Add over $150 trillion to the debt when adjusted for inflation, or over $700 trillion nominally Boost debt by over ...

Notes: Deficit impact for disputes of the FY 1996 shutdowns were over seven years rather than a decade. Shutdowns only include those where operations were affected for more than one business day.

The gross national debt of the United States reached $38 trillion yesterday, according to the U.S. Treasury. This comes little more than two months after the gross debt reached $37 trillion in ...

Social Security is rapidly approaching insolvency. The retirement trust fund is seven years from exhaustion, and the theoretically combined trust funds are nine years from running out. Without ...

Some of the nation’s largest and most important programs are financed through government trust funds that collect dedicated revenues and then distribute those funds. This includes Social Security’s ...

The enactment of the One Big Beautiful Bill Act (OBBBA), new tariffs framework, and other changes have meaningfully changed the fiscal outlook since the Congressional Budget Office’s (CBO) January ...

Social Security turns 90 today – but its retirement program is on course to be insolvent by age 97 – according to new estimates from the program’s Chief Actuary. Even if combined with the disability ...

The House of Representatives passed the Senate reconciliation bill, sending it to the President’s desk. This bill will be the most expensive reconciliation bill in history, adding $4.1 trillion to the ...

Sources: CRFB estimates based on data from the Joint Committee on Taxation and the Congressional Budget Office. Note: individual provisions are calculated by adding a current policy adjustment to the ...