Papers

Today, the Social Security and Medicare Trustees released their annual reports on the long-term financial state of the Social Security and Medicare...

This paper has been updated here. The federal debt ceiling will be reinstated on August 1, 2021, at around $28.5 trillion. At that point, the Treasury...

To encourage medical innovation, the Food and Drug Administration (FDA) grants temporary market exclusivities to new brand name drugs. These...

Medicare Part B, which covers outpatient physician services, pays for physician-administered drugs by reimbursing physicians the average cost for each...

Congress and the Administration are currently negotiating and developing legislation to invest in physical infrastructure, education, and other areas...

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “ tax gap.” The tax gap is the...

Today, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook, accounting for enactment of the...

What are appropriations? How does Congress determine the total level of appropriations? How will this year's appropriations process be different? How...

The Biden Administration today released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...

At a projected cost of over $300 billion this fiscal year, interest payments are a significant part of the federal budget. Net interest is currently...

President Joe Biden and the nation face perhaps the most daunting fiscal situation on record. One hundred days into his presidency, President Biden...

Congress has authorized around $6 trillion of fiscal support in response to the COVID pandemic, with a projected net cost of well over $5 trillion...