The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...

The United States borrowed $601 billion in the first three months of Fiscal Year (FY) 2026, including $143 billion in December, according to the latest ...

The resolution expresses the sense of the House of Representatives that the United States should reduce and maintain the federal unified budget deficit at or below 3% of GDP while acknowledging that ...

In a recent Wall Street Journal article, Richard Rubin highlighted an important fact: the Social Security retirement trust ...

Momentum has been growing in support of a 3% of GDP deficit target, including bipartisan support from policy experts and business leaders concerned about the nation’s debt. And as the cosponsors of ...

In a post on Truth Social, President Trump called for increasing the Fiscal Year (FY) 2027 defense budget to $1.5 trillion, rather than $1 trillion he said he previously wanted to propose. We ...

The House passed a discharge petition teeing up a vote on an extension of the enhanced Affordable Care Act (ACA) subsidies this week, which expired at the end of 2025. The proposal would include a ...

Under the CRFB August Adjusted Baseline, debt will reach 120% of Gross Domestic Product (GDP) and deficits will rise to $2.6 ...

As policymakers continue to debate what’s next for the Affordable Care Act (ACA) exchanges, there has been significant confusion over how the subsidies work, how much they cost, and why premiums are ...

The gross national debt of the United States reached $38 trillion yesterday, according to the U.S. Treasury. This comes little more than two months after the gross debt reached $37 trillion in ...

Social Security is rapidly approaching insolvency. The retirement trust fund is seven years from exhaustion, and the theoretically combined trust funds are nine years from running out. Without ...