Congressional Budget Office
The Congressional Budget Office is a nonpartisan federal agency that provides budget and economic analysis to Congress. It is best known for producing objective cost estimates of proposed legislation and analyzing the budgetary and economic impact of policy options. It remains relevant in current news as lawmakers rely on its scoring of bills to inform legislation, fiscal choices, and debates over deficits and debt.
US Social Security Fund to Exhaust by 2032, Posing Benefit Cuts for 67 Million Americans
The US Social Security Trust Fund is projected to run out of money by 2032, risking benefit cuts of nearly 25%. This underscores urgent need for policy reforms to prevent significant impacts for millions of retirees.
US Borrowing and Deficit Surge as Federal Spending Accelerates
The U.S. has borrowed $50 billion weekly for the past five months, with the federal deficit surpassing $1 trillion in just five months of 2026. These trends indicate rising fiscal pressures that could impact economic stability.
Medicare's Future at Risk as Federal Spending Set to Surge, CBO Warns
Medicare spending is expected to almost double in 10 years, with Medicaid and ACA costs rising by a third, the CBO reports. These increasing costs threaten the financial stability of essential health programs, requiring immediate policy attention.