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This week on Facing the Future we took a step back from the day-to-day budget battles in Washington to consider the overall fiscal outlook.

Earlier this week the Social Security Administration (SSA) announced the annual cost-of-living adjustment (COLA) for next year (2022) would be 5.9 percent.  That’s slightly more than the 5.8 percent increase in 2008, and the biggest increase since 1982.[1]

This week the nonpartisan Congressional Budget Office (CBO) published its final monthly budget review for FY 2021.

With pressure mounting to avoid a default on federal government obligations, Senate leaders Republican Mitch McConnell and Democrat Chuck Schumer, agreed to a temporary compromise: Republicans agreed not to filibuster legislation addressing the debt limit and Democrats agreed to a small

This week on Facing the Future, we sorted through the various internal divisions among congressional Democrats that have slowed President Biden’s legislative agenda.

As Democrats in Congress continue to meet with President Biden to determine the ultimate size and scope of their social spending plan, it’s worth taking a minute to step back and consider the monumental dilemma they face – they have promised more than they can possibly deliver.

Earlier this week, Treasury Secretary Janet Yellen sent her fourth letter to Congress, urging lawmakers “to protect the full faith and credit of the United States by acting [on the debt l

Introduction The annual Social Security and Medicare Trustees’ reports make numerous economic and demographic assumptions to project the long-term financial status of these two programs.  Among these assumptions is the average number of births women will have over th

This week on Facing the Future, we got a bipartisan view of a big week in Washington from two veteran Capitol Hill staffers, Bill Hoagland, senior vice president of the Bipartis

FAQ: What is A Continuing Resolution?