CBO now expects that 3-month interest rates will peak at around 5.3 percent this year and only fall to 3.2 percent by the end of 2025.
Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.
Let's take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
The Children's Health Insurance Program is a key piece of the social safety net and is aiding in the economic recovery.
Fitch Ratings recently downgraded the U.S. long-term credit rating from its top mark of AAA to AA+.
Unless lawmakers act, Social Security beneficiaries could soon see significant cuts in benefits.
Healthcare in the United States is very expensive — but we don’t get what we pay for.
Healthcare spending in the United States is rising, with serious implications for the federal budget.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Interest rates on U.S. Treasury securities have a significant influence on federal borrowing costs.
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