
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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The rising national debt threatens economic growth and opportunities for future generations. Learn more — and get involved.
Last year we spent $476 billion on net interest costs, the largest amount ever.
Read MoreThe agreement reduces deficits, but it will only make a small dent in the fiscal gap.
Read MoreForeign ownership of U.S. federal debt is much higher now than it was 50 years ago.
Read MoreWe work to build a brighter future for the next generation.
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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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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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SOURCE: Roll Call
IRS Budget Battle Not Over After Debt Ceiling AgreementSOURCE: The New York Times
The Debt-Limit Deal Suggests Debt Will Keep Growing, FastSOURCE: The New York Times
House Passes Debt Limit Bill in Bipartisan Vote to Avert DefaultSOURCE: Reuters
A June Skip Jumps to the Fore Following Latest Fed Comments