#National Debt

If you blinked this week, you probably missed that the total federal debt reached $30 trillion—an historic high. Like aging Americans who bemoan birthdays ending in zero (30, 40, 50, …), this occasion marked the crossing of an important, albeit…

Transformational policies are not temporary policies. If Democrats truly believe the BBBA is transformational, then today’s CBO score is a more accurate reflection of the measure’s cost. WASHINGTON, DC—According…

With pressure mounting to avoid a default on federal government obligations, Senate leaders Republican Mitch McConnell and Democrat Chuck Schumer, agreed to a temporary compromise: Republicans agreed not to filibuster legislation addressing the debt limit and Democrats agreed to…

Earlier this week, Treasury Secretary Janet Yellen sent her fourth letter to Congress, urging lawmakers “to protect the full faith and credit of the United States by acting [on the debt limit] as soon as possible.” This time, she…

The United States Armed Forces uses an alert system called the “defense readiness condition” (DEFCON) to describe different levels of readiness, or states of alert, for military personnel. It increases in severity from DEFCON 5 (least severe) to DEFCON…

WASHINGTON -- While the nation’s attention is justifiably focused on multiple other crises, today’s publication of the Social Security and Medicare trustees reports reminds us of another call to action: averting the financial crisis in our nation’s largest entitlement…

"Democrats announced in early July that the progressive and moderate wings of the party had agreed to a top line spending level of $3.5 trillion for the upcoming reconciliation bill. They also promised to pay for most, if not…

Before Congress adjourns for its district work period in August, House and Senate Democrats hope to pass the FY 2022 budget resolution. The annual budget blueprint is essential to the Biden agenda because it initiates “reconciliation” – the special process…