Lawmakers should ensure that any extension of the enhanced ACA subsidies is not only fully paid for, but also reduces deficits on net. Ideally, an extension package would include reforms and offsets ...

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 ...

The legislation to end the current government shutdown and temporarily fund the government would also wipe the current ...

The House is preparing to vote on a Continuing Resolution-Minibus appropriations bill which passed the Senate on Monday.

President Trump proposed paying a dividend of “at least $2,000 a person” with new tariff revenue in a post on Truth Social this weekend. The post noted that “high income people” would be excluded from ...

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 federal government raised $195 billion in customs duties in Fiscal Year (FY) 2025, more than 250% of what it collected in FY 2024, according to the final Monthly Treasury Statement of FY 2025.

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 ...

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 ...

9/26/25: Updated to reflect new CBO estimate of the cost of enhanced ACA subsidies. With early marketplace premium estimates rolling out, there is increasing talk of extending the Affordable Care Act ...