Five years ago, The CARES Act authorized the Federal Reserve to create emergency lending facilities in the name of aiding…

The Municipal Liquidity Facility (MLF), provided aid to fiscally distressed state and local governments. For the first time in its…

On August 28, 2025, Chicago Public Schools (CPS), the fourth-largest school district in the US, passed a $10.2 billion budget…

Any practicing Catholic will tell you that Pope Leo XIV answers to a higher power, but none would say that…

On May 16, Moody’s Ratings downgraded the US government’s long-term issuer and senior unsecured ratings from Aaa (the highest possible…

Research Fellow Thomas Savidge digs into tax data to answer a frequently echoed question.

Last December, I wrote about Senators Hawley and Sanders’ call to cap credit card interest rates at 10 percent. This…

This Explainer will cover where the government takes revenue from, how it spends those dollars, how it prioritizes spending, and…

Explaining Welfare Benefits at the State Level

"Many lawmakers in DC make resolutions to be more fiscally responsible, but much like our New Year’s resolutions, they rarely…