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), ...

On January 15, the Senate passed legislation that would provide full-year Commerce, Justice, and Science, Energy and Water Development, and Interior and Environment appropriations by a vote of 82 to ...

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 ...

Transparency is certainly not a panacea for solving health care cost growth, and may turn out to have a limited effect on its own. But more transparency is an important step for facilitating many new ...

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 ...

At about the size of the entire U.S. economy, the national debt is on track to exceed its post-World War II record of 106% within the next three years. The 3% target would help to stabilize the debt ...

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 ...

The Problem Solvers Caucus (PSC) announced its Fiscal Stability Framework last week, which sounds the alarm about the national debt, endorses two bipartisan fiscal commission bills, and urges the ...