Latest
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Interest Rates Hit 16-Year Record
Read moreInterest rates are on the rise, with daily Treasury yields up in nearly every maturity since the beginning of August. This piece takes a closer look...
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CBO Outlines Negative Implications of High & Rising National Debt
Read moreIn its June 2023 Long-Term Budget Outlook, the Congressional Budget Office (CBO) dedicated an entire section to discussing the risks and threats of...
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Donald Trump's Proposal to Use Impoundment Authority
Read moreIn a video published to his campaign website on June 20, 2023, former President Donald Trump declared he would use “impoundment” authority to reduce...
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Senate Budget Committee Holds Hearing on Raising Revenue to Save Social Security
Read moreOn July 12, the Senate Budget Committee held a hearing titled " Protecting Social Security for All: Making the Wealthy Pay Their Fair Share" to...
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White House Calls for $40 Billion Supplemental
Read moreThe White House recently proposed a supplemental appropriations package to boost Fiscal Year (FY) 2024 ordinary appropriations by $40 billion above...
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Tax Cut Extensions Cost Over $3.3 Trillion
Read moreSome parts of the 2017 Tax Cuts and Jobs Act (TCJA) have recently expired or changed, and large portions of the TCJA will expire by the end of...
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Treasury Reports $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreThe United States borrowed $1.6 trillion in the first ten months of fiscal year 2023, including $221 billion in July, according to the latest Monthly...
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CBO Estimates $1.6 Trillion Deficit For First 10 Months of Fiscal Year
Read moreIn the first ten months of fiscal year 2023, the United States borrowed $1.6 trillion, with a $228 billion deficit in July, according to the latest...
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Retirees Face a $17,400 Cut if Social Security Isn't Saved
Read moreAs the 2024 presidential campaign ramps up, candidates are facing pressure to pledge not to touch Social Security. While this pledge is framed as...
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The Deficit Was $2.3 Trillion Over Past Year
Read moreThe federal budget deficit totaled $2.3 trillion over the past 12 months, up 65 percent from the $1.4 trillion deficit in Fiscal Year (FY) 2022 and...
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Rising Debt Could Reduce Income Growth by One-Third
Read moreA high and rising national debt poses a series of risks and threats, including slower income and wage growth. A new report from the Congressional...
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The World Economic Outlook Projects Stronger Growth and Still High Inflation
Read moreThe International Monetary Fund (IMF) released its July 2023 World Economic Outlook, projecting global economic growth will fall from 3.5 percent in...