December 16, 2015

Today, the Federal Reserve raised its target for the federal funds rate by 25 basis points, the first increase in seven years. This move seems to have begun a gradual process of bringing interest rates back up to more normal levels. The Peterson Foundation research team has prepared a detailed analysis of the impact of this action on America's long-term national debt.

Click here to read the full analysis, "Higher Interest Rates Will Raise Interest Costs on the National Debt," which includes deeper details and charts.

 

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.

FISCAL ISSUES ILLUSTRATED

This series of infographics helps put some of today's most pressing fiscal debates in context.