Fiscal Year (FY) 2025 will end at midnight on September 30, and unless policymakers agree on passing all 12 appropriations bills or passing a continuing resolution (CR) before then, the federal ...

From September 2024 through August 2025, the federal government borrowed $1.9 trillion based on estimates from the ...

As Congress considers the possibility of a second reconciliation bill, lawmakers should ensure it reduces deficits rather ...

Fiscal Year 2025 will end on September 30, and none of the 12 appropriations bills to fund the government have been signed into law.

Fiscal Year (FY) 2025 will end on September 30, and Congress has so far enacted zero of the 12 full-year appropriations bills to fund the government for FY 2026. Policymakers have until midnight on ...

The appropriations process for Fiscal Year (FY) 2026 has begun, with action in both the House of Representatives and the Senate. The discretionary spending caps that were put in place by the Fiscal ...

It requires significant tax revenue to fund the federal government. Yet the federal tax code has not been reformed in over 30 years, and faces many problems – including that it is littered with ...

Media CoverageSocial Security benefits face 24% cut in less than a decade as trust fund dries up, new analysis reveals Read more ...

The United States spends more on health care than any other developed country, and these costs continue to grow – particularly at the federal level. Rising Medicare, Medicaid, and other federal health ...

Note: We published a more comprehensive, up-to-date comparison analysis of the amount of new ten-year borrowing approved by both Presidents Trump and Biden. In the recent GOP primary presidential ...

In 2001, the federal government ran a $128 billion budget surplus and was projected to pay off the national debt by 2009. Since then, the government has borrowed an additional $23 trillion, bringing ...