The national debt has grown significantly in recent years due to rising annual deficits. A deficit occurs in any year the government spends more...
Social Security, established in 1935, is the federal government’s largest program. It represents approximately one-fifth of the federal budget and...
The American health care system is a patchwork of public and private programs that serve citizens in different ways, depending on their age,...
The federal budget is an expression of our country's values. Where we choose to spend and at what levels, how and who we tax, and the borrowing we...
The nation's fiscal future depends on the balance between the spending in the federal budget and the revenues flowing into the treasury. Tax...
The federal budget process is a mixture of rules, timelines and norms that work together to influence policy decisions. It shapes how the...
Discretionary spending is the portion of the federal budget determined through the Congressional appropriations process. Approximately one-third...
One of the drivers of the country's current fiscal policy debate has been the work of the President's bi-partisan National Commission on Fiscal...
Defense spending accounts for roughly half of the portion of the budget referred to as discretionary spending, which is determined through the...