Social Security’s retirement trust fund is less than seven years from insolvency, at which point beneficiaries face the prospect of a 24% benefit cut. Social Security’s looming insolvency has been...
The Senate adopted its Fiscal Year (FY) 2026 budget resolution last night, kicking off the reconciliation process. Unfortunately, the budget is about a year too late and includes no plan to address...
Interest costs will exceed $1 trillion this year and have nearly tripled from $345 billion in Fiscal Year (FY) 2020. By FY 2036, the Congressional Budget Office (CBO) projects that interest payments...
