The Latest Breaking News from CRFB

The Federal Government Ran Up a $2 Trillion Deficit in 2026

Congress hasn’t balanced the budget in 25 years.

Reason · 15h ago

U.S. debt is increasingly at the mercy of the market as interest costs surge while elections add more risk to the debt ceiling, ratings agency warns

"This trajectory points to an unsustainable medium-term fiscal path and leaves the sovereign increasingly exposed to shifts in market sentiment and financing conditions."

Fortune · Oct 3

Which states could be hit hardest by Social Security cuts in 2032? These 10 face the biggest potential economic impact

If you live in one of these 10 states, a Social Security cut by 2032 could hit your local economy harder than elsewhere. The biggest potential impact is in West Virginia, Mississippi and Vermont, according to the CRFB scenario.

The Economic Times · Sep 24

Could Your Social Security Check Drop by $500 a Month? These States Face the Biggest Losses

A $500 monthly cut would mean finding another $6,000 every year for groceries, utilities, insurance, housing, and healthcare, which is an enormous adjustment for someone...

Saving Advice · Aug 25

As U.S. Debt Pierces $40 Trillion, a $6 Billion-a-Day Borrowing Habit Drives Push for Spending Cap

U.S. debt hit $40 trillion this week. A House GOP chairman says daily interest now tops defense spending — and wants states to force a fix.

Latin Times · Aug 21

Social Security is celebrating its 91st birthday. It won't live to 100, watchdog warns

"Social Security won’t make it past age 97 as things currently stand," said the CRFB's Maya Macguineas. "At least not in its current form."

Fortune · Aug 14

Trump's new $950 billion tariff scheme still leaves a 40% shortfall in his grand plan to rebalance the $39 trillion national debt, finds budget study

"We currently estimate that the tariffs enacted and proposed under this administration since January 2025 will generate about $825 billion less revenue through FY 2036 than estimated," the Committee for a Responsible Federal Budget says.

Fortune · Jul 24

What the 2032 Social Security Shortfall Will Cost Retirees in Every State

Reducing Social Security benefits doesn't just impact retirees — it hits state economies, creating a double-whammy effect of smaller checks and lower GDPs.

Kiplinger · Jul 18

‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983

The 2026 Social Security Trustees’ Report finds the worst financial outlook in nearly half a century—and a new law signed this year made things worse.

Fortune · Jun 17

What? Could your Social Security benefits be cut by $500 a month in 2032? Here's which states face the biggest losses from trust fund insolvency

For millions of retirees, Social Security is more than a government benefit. It is a lifeline. New projections warn monthly checks could fall by about $500 in 2032 if the trust fund runs short. The risk is not immediate. But the numbers reveal why many Americans are growing increasingly concerned.

The Economic Times · Jun 5