Under the CRFB August Adjusted Baseline, debt will reach 120% of Gross Domestic Product (GDP) and deficits will rise to $2.6 ...

As the national debt continues to climb toward record levels – totaling 100% of Gross Domestic Product (GDP) at the end of Fiscal Year (FY) 2025 – interest on the national debt has also risen ...

As policymakers continue to debate what’s next for the Affordable Care Act (ACA) exchanges, there has been significant confusion over how the subsidies work, how much they cost, and why premiums are ...

Notes: Deficit impact for disputes of the FY 1996 shutdowns were over seven years rather than a decade. Shutdowns only include those where operations were affected for more than one business day.

Social Security is rapidly approaching insolvency. The retirement trust fund is seven years from exhaustion, and the theoretically combined trust funds are nine years from running out. Without ...

Some of the nation’s largest and most important programs are financed through government trust funds that collect dedicated revenues and then distribute those funds. This includes Social Security’s ...

CBO’s updated economic projections have changed primarily due to the implementation of new tariffs, numerous tax and spending changes from the One Big Beautiful Bill Act (OBBBA), and significant ...

Social Security turns 90 today – but its retirement program is on course to be insolvent by age 97 – according to new estimates from the program’s Chief Actuary. Even if combined with the disability ...

After modestly reducing deficits in Fiscal Year (FY) 2025 by reducing the present value cost of the student loan program, the reconciliation law is projected to add significantly to near-term deficits ...

Today, the Congressional Budget Office (CBO) released its final conventional score of the recently-enacted reconciliation bill known as the One Big Beautiful Bill Act (OBBBA). CBO estimates that the ...

As it currently stands, the Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt through Fiscal Year (FY) 2034, based on our estimates. The debt impact could rise as high as ...