The National Debt Clock

The rising national debt threatens economic growth and opportunities for future generations. Learn more — and get involved.

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Federal Reserve building.

What Are Interest Costs on the National Debt?

Last year we spent $476 billion on net interest costs, the largest amount ever.

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House Speaker Kevin McCarthy

How Much Will the Debt Ceiling Deal Reduce Deficits?

The agreement reduces deficits, but it will only make a small dent in the fiscal gap.

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National Debt billboard displaying $31 trillion.

The Federal Government Has Borrowed Trillions, but Who Owns All That Debt?

Foreign ownership of U.S. federal debt is much higher now than it was 50 years ago.

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American flag

Learn More about Peterson Philanthropies

We work to build a brighter future for the next generation.

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Finding Solutions

We believe that by working together, we can create comprehensive, bipartisan solutions to address our fiscal challenges. We work to bring Americans together to find and implement sensible, long-term fiscal solutions for a strong, healthy economy that transcend age, party lines, and ideological divides in order to achieve real results.

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What We’re Doing

We are a nonpartisan organization dedicated to increasing awareness and accelerating action on America’s long-term fiscal challenges. We partner with like-minded organizations and experts to support innovative programs and projects that provide accurate, objective analysis, and promising fiscal solutions.

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What You Can Do

The time to act is now. Education is key — it’s critical that Americans understand what’s at stake and the tradeoffs that are needed to get our country back on a sustainable fiscal path to a growing economy. We also have to make a commitment to support our elected leaders from both parties who want to do the right thing.

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News & Viewpoints on Fiscal & Economic Policy