Strengthening Medicare: Options to Reduce Costs
There are different ways to reduce Medicare spending, and any reform option that reduces Part A costs would help extend the longevity of the HI Trust Fund.
Read MoreFour Reasons Why a Government Shutdown is Harmful
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.
Read MoreHow Does Inflation Affect the Federal Budget?
Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.
Read MoreCan We Raise the Retirement Age and Protect Vulnerable Workers?
Unless lawmakers act, Social Security beneficiaries could soon see significant cuts in benefits.
Read MoreSocial Security’s Funding Gap is 1.2% of GDP — Here’s How We Can Close It
Social Security is an integral part of the nation’s fiscal picture and a vital economic lifeline for millions of recipients.
Read MoreHow Can We Reduce Unnecessary Healthcare Spending in the US?
In 2021, health spending in the United States totaled $4.3 trillion and averaged nearly $13,000 per person.
Read MoreWhat Is Fiscal Policy? Interactive Teaching Tools
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
Read MoreWhat Are Treasury’s “Extraordinary Measures” on the Debt Ceiling?
When the government reaches its debt ceiling, the Treasury can use various accounting maneuvers, so-called “extraordinary measures,” to forestall a default.
Read MoreInfographic: What Is the Debt Ceiling?
Increasing the debt ceiling allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
Read MoreHow Much Will the Debt Ceiling Deal Reduce Deficits?
According to CBO, provisions in the Fiscal Responsibility Act of 2023 will result in a $1.5 trillion decrease to the deficit over the next 10 years.
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