Scrapping the U.S. penny, as President Donald Trump has just vowed to do, would save the government enough money to pay for 0.02% of the cost of extending the 2017 tax cuts, 0.004% of the annual ...

A recent legislative proposal aims to alleviate the tax burden on Social Security benefits, promising financial relief for ...

Read about GAO's recent report about rising U.S. federal debt, its drivers and what steps should be taken to correct it.

The Congressional Budget Office (CBO) estimated in a report on Monday that the federal government racked up a deficit of $127 ...

As of fiscal 2024, the U.S. pays 2.72 cents to make each penny, according to the Mint. The counterargument used to be that a ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

Both of the major party candidates for in the Second Congressional District spent their careers protecting the security of Americans. One is a ...

Social Security gets the bulk of its funding from payroll taxes. And while that revenue stream is set to continue, in the ...

Elon Musk claims to be on a crusade to slash federal spending, but his targets so far will make no meaningful difference in the deficit.

While maintaining the health of Social Security should be a priority for elected officials, the reality is that the ...

The latest news on budget talks between President Donald Trump and the Republican-controlled Congress indicates that the financial risks to Social Security and Medicare, as well as to the entire ...