Committee for a Responsible Federal Budget
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Business
IMF Warns U.S. Growth Cannot Fix $40 Trillion Debt Crisis
Net interest payments now consume roughly 20% of all federal revenue, a fiscal burden that has forced the International Monetary…
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Business
Social Security 2027 COLA Hits 3.6% as Trust Fund Nears 2032 Cliff
The Social Security Administration announced Wednesday that beneficiaries will receive a 3.6% cost-of-living adjustment in 2027, the largest annual increase…
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Business
Social Security COLA 2027: 3.6% Raise, Medicare Costs and Trust Fund
The Social Security Administration confirmed a 3.6% cost-of-living adjustment for 2027, the largest increase since the 8.7% surge enacted during…
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Business
Social Security Insolvency Looms in 2032 as SSA Focuses on Data Cleanup
Frank Bisignano, who simultaneously serves as Social Security Administration commissioner and IRS CEO, stated Monday that the federal retirement program…
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Business
U.S. Budget Deficit Reaches $2 Trillion in Fiscal 2026
A relentless rise in borrowing costs and expanding entitlement obligations pushed the U.S. budget deficit to $1.993 trillion for fiscal…
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Business
U.S. Debt Interest Hits $1.1 Trillion as Yields Top 5%
Interest payments on the U.S. national debt reached $1.1 trillion in fiscal 2026, consuming 3.4% of gross domestic product and…
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Business
The U.S. Economy Is Outrunning Its Debt — But for How Long?
Americans feel squeezed by gasoline prices and persistent inflation. Consumer confidence surveys have been gloomy for months. Yet beneath that…
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Business
U.S. Debt Adds About 1.5 Percentage Points to Consumer Borrowing Costs, Analysis Says
WASHINGTON — Federal debt levels have pushed consumer interest rates about 1.5 percentage points higher than they would be if…
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Business
2027 Social Security COLA Points to Mid-3% Increase
WASHINGTON — Social Security recipients are tracking toward a 2027 cost-of-living adjustment between 3.4% and 3.6%, according to current projections.…
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Business
U.S. Debt Hits $40 Trillion as Interest Costs Overtake Defense Spending
WASHINGTON — The gross national debt has reached an unprecedented $40 trillion, while the federal budget deficit climbed to $2…
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