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The Peter G. Peterson Foundation is a nonpartisan, nonprofit organization focused on building a brighter economic future for all Americans. Browse our latest content and updates.

News

September 17, 2025

The Fed Reduced the Short-Term Rate, but Interest Costs Remain High

High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.

September 17, 2025

How No Tax on Overtime Will Affect Federal Revenues and Tax Fairness

This new, temporary deduction will cost $90 billion dollars over the next four years, while undermining tax equity and making the tax system more complex.

September 12, 2025

Infographic: The Facts About U.S. Defense Spending

National security is both a vital priority and a significant part of the federal budget.

September 11, 2025

What Is Budget Reconciliation?

The reconciliation process avoids the potential need to gather 60 votes to end debate and, therefore, allows the Senate to adopt legislation with a simple majority.

September 9, 2025

Budget Basics: National Defense

The national defense budget funds a wide range of activities and represents a significant share of overall federal spending.

September 9, 2025

Spending on Veterans in the Budget

This piece examines spending on veterans within the budget and outlines the factors that have pushed it higher in recent years.

September 5, 2025

Infographic: What Is the Debt Ceiling?

Increasing the debt ceiling allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.

September 4, 2025

How Does Inflation Affect the Federal Budget?

Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.

September 2, 2025

Debt Ceiling Update: What’s at Stake

If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.

August 28, 2025

As National Debt Surpasses $37 Trillion, Voters Want Congress to Improve Fiscal Outlook

“Today’s new survey shows widespread concern about the $37 trillion and growing national debt,” said Michael A. Peterson.