Papers

Note: We have published a chartbook to accompany this paper. Policymakers are apparently now targeting $1.5 trillion to $2.3 trillion of gross...

This paper has been updated here. The new fiscal year (FY) will begin on October 1, 2021, and Congress has so far enacted none of the 12...

The Social Security and Medicare Trustees released their annual reports on the long-term financial state of those programs. The reports are the first...

Today, the Social Security and Medicare Trustees released their annual reports on the long-term financial state of the Social Security and Medicare...

This paper has been updated here. The federal debt ceiling will be reinstated on August 1, 2021, at around $28.5 trillion. At that point, the Treasury...

Medicare Part B, which covers outpatient physician services, pays for physician-administered drugs by reimbursing physicians the average cost for each...

To encourage medical innovation, the Food and Drug Administration (FDA) grants temporary market exclusivities to new brand name drugs. These...

Congress and the Administration are currently negotiating and developing legislation to invest in physical infrastructure, education, and other areas...

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “ tax gap.” The tax gap is the...

Today, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook, accounting for enactment of the...

What are appropriations? How does Congress determine the total level of appropriations? How will this year's appropriations process be different? How...

The Biden Administration today released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...