The gross national debt of the United States officially reached $40 trillion for the first time yesterday, according to the U.S. Treasury.
Committee president Maya MacGuineas recently appeared on Bloomberg TV's "Balance of Power" with hosts Joe Mathieu and Kailey Leinz to discuss s a wide range of fiscal topics – the imminent crossing ...
Including the Biden Administration’s new student debt cancellation plan, we estimate all recent student debt cancellation policies will cost a combined $870 billion to $1.4 trillion. That’s more than ...
Today, the White House announced an indefinite pause of the collection of defaulted federal student loan debt, including through the Treasury Offset Program, which applies any tax refunds towards a ...
The Pell Grant program will end 2026 in the red and faces a cumulative 10-year shortfall exceeding $100 billion, according to the Congressional Budget Office’s (CBO) February 2026 baseline. Without ...
The U.S. Department of the Treasury recently released its final Monthly Treasury Statement for Fiscal Year (FY) 2024, showing a $1.8 trillion deficit for the year. The actual FY 2024 deficit is $82 ...
91 years ago tomorrow, President Franklin Delano Roosevelt signed into law the Social Security Act of 1935, establishing what is now the nation’s largest federal program and largest retirement program ...
Over the past 12 months, total revenue was $5.4 trillion compared to $5.2 trillion over the same period a year prior. Spending was $7.3 trillion over the past 12 months compared to $7.1 trillion in ...
Last week, the Congressional Budget Office (CBO) published an estimate of the potential cost of constructing the Navy’s newly proposed, nuclear-p ...
A $25 billion 30-year Treasury auction this week ended with yields at 5.216% – the highest since 2001. The auction is the latest sign of investors’ concern over Treasuries and demand for higher ...
The federal cost of student loan programs has exploded over the last decade, transforming the program from a money-maker under typical scoring rules to a significant money-loser, based on current ...
The Congressional Budget Office (CBO) projected on Monday that the nation’s output gap – the difference between actual economic activity and potential output in a normal economy – would be $380 ...
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