Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.
Let's take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
The Children's Health Insurance Program is a key piece of the social safety net and is aiding in the economic recovery.
Fitch Ratings recently downgraded the U.S. long-term credit rating from its top mark of AAA to AA+.
Unless lawmakers act, Social Security beneficiaries could soon see significant cuts in benefits.
Healthcare in the United States is very expensive — but we don’t get what we pay for.
Healthcare spending in the United States is rising, with serious implications for the federal budget.
Social Security is an integral part of the nation’s fiscal picture and a vital economic lifeline for millions of recipients.
Despite higher healthcare spending, America’s health outcomes are not any better than those in other developed countries.
In 2021, health spending in the United States totaled $4.3 trillion and averaged nearly $13,000 per person.
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