The federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the Congressional Budget Office (CBO). The February 2026 deficit totaled $308...
The U.S. national debt has long been on an unsustainable path. Nonetheless, for most of the 20th century, debt sustainability has been bolstered by the fact that the average interest rate paid on the...
Social Security is the bedrock of the U.S. retirement system, providing benefits for 70 million Americans. And yet, with the program projected to be insolvent by 2032, few understand how the program...