The Latest Breaking News from Maya MacGuineas

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

Social Security's finances have improved slightly in the last year. But the popular retirement program still faces big challenges including the threat of automatic benefit cuts in less than a decade.

WASHINGTON — Unlike the annual tax-filing deadline at roughly the same time, Congress’ April 15 target date for agreeing on a joint budget resolution is set to come and go with no practical effect on the everyday lives of Americans.

Congress is set to blow past its April 15 target date for a joint budget resolution, which has been the rule rather than the exception.

We have been here before. But this time the House's new Republican majority is largely driven by a faction that says it will hold the debt limit vote as a hostage to win policy changes.

House Republicans want to leverage must-pass legislation to raise the debt limit to extract federal spending cuts, but President Biden and congressional Democrats aren't interested in negotiating.

Social Security beneficiaries are set to get the largest boost to their benefits in four decades.

The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday

WASHINGTON — Texas Republican lawmakers have been quick to attack President Joe Biden’s student loan forgiveness plan as a heavy burden for taxpayers. However, the arguments used don’t give the full picture of the situation faced by millions of families now sorting out how the forgiveness program impacts them.