Medicare – a federal program that provides health insurance to seniors and some individuals with disabilities – is one of the largest and fastest-growing parts of the federal budget.

Biden spent like no president in history, and, with a sleight of hand, by taking hundreds of billions out of Medicare and spending it on green energy subsidies.

Instead, people on Medicare won’t get the two years of continued coverage for telehealth appointments and five years’ for acute hospital at home programs that were in the bill Congress nearly voted into law in December 2024.

U.S. Rep. David Schweikert warned on the House floor this week about ballooning deficits in Social Security and Medicaid programs.

As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the Congressional Budget Office provided a dour forecast.

Any lasting fiscal reforms must moderate the growth of the largest mandatory spending programs: Social Security, Medicare and Medicaid.

Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for

Federal debt BX:TMUBMUSD10Y held by the public as a share of the total economy will surpass the previous record of 106.1%, set in the waning days of World War II, by 2029, Trump's last year in office. It will continue to rise to 118% of GDP by 2035, the CBO projects.

Labor Department data shows that consumer prices rose a combined 20.8% during the course of Biden’s presidency, but people’s average weekly earnings rose just 17.4% over the same period. That meant people’s incomes didn’t keep pace with their expenses — and it, predictably, left people viewing an otherwise healthy economy as weak.

The national debt is expected to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.