Recent News

Federal borrowing has reached the statutory debt limit, yet Treasury has another five or six months of “extraordinary measures” until the real deadline in June or July. The federal government must avoid default this year while ending the debt accumulation’s march toward slower growth, fiscal crisis, and global instability.

Failure to control spending and debt—over the last 15 years but especially during the pandemic—created today’s inflation crisis and broader economic turmoil. The good news is that Congress can fix this.

The Social Security Trustees’ latest report on June 2 has bad news: Social Security’s Old Age and Survivors Insurance (OASI) trust fund is rapidly running out of money.

Where should states look for stable budgets that balance through business cycles? Kurt Couchman of Americans for Prosperity offers his thoughts.