The TCJA lowered taxes for millions of households and made filing simpler for many — all while making the country’s fiscal outlook worse.
In October, the International Monetary Fund (IMF) released two new publications looking at global economic and fiscal conditions.
One of the first, and most consequential, decisions facing the lawmakers that are elected this November will be what to do with the debt ceiling.
Despite a healthy economy, the underlying deficit nearly reached $2 trillion for the second year in a row.
Medicare spending totaled 3.1 percent of gross domestic product (GDP) in 2023 and is projected to climb to 5.4 percent of GDP by 2054.
One of the most fundamental responsibilities of the federal government is to set and pass a budget every year, allocating funding towards the nation’s needs and priorities.
A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.
Healthcare spending in the United States is rising, with serious implications for the federal budget.
SNAP is the largest federal program aimed at combating hunger and food insecurity among low-income Americans.
The treatment of carried interest continues to be one of the most controversial elements of the U.S. tax code.
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