The U.S. fiscal outlook is currently unsustainable. A new fiscal commission can help policymakers work on a bipartisan basis to identify the necessary tax and spending changes to help improve the ...

A fiscal crisis – sometimes called a sovereign debt crisis – is a sharp economic shock or downturn caused or sparked by high levels of current or expected public borrowing. A fiscal crisis can take ...

Use CRFB’s Adjusted August 2025 Baseline, which accounts for the projected impact of the One Big Beautiful Bill Act (OBBBA), ...

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 towar ...

The Trump Great Healthcare Plan calls for funding Cost-Sharing Reductions (CSRs) under the ACA. Funding CSRs would reinstate payments to health insurance companies to cover their cost, ending “ silver ...

The United States borrowed $602 billion in the first three months of Fiscal Year (FY) 2026, including $145 billion in the month of December, according to the latest Monthly Treasury Statement f ...

In a recent Wall Street Journal article, Richard Rubin highlighted an important fact: the Social Security retirement trust ...

Staff Members As Senior Advisor, Finance and Operations, Simone Frank is responsible for assisting the organization with its day-to-day business, legal, financial, human resources and administrative ...

The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by Presidents Trump and Biden during their time in ...

Momentum has been growing in support of a 3% of GDP deficit target, including bipartisan support from policy experts and ...

Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 trillion in new ten-year debt through legislation and executive actions. The ...

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 ...