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Peterson Foundation Statement on $31 Trillion National Debt Milestone
“As our debt crosses $31 trillion, it’s past time for action," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE October 4, 2022
US Voters Remain Deeply Concerned About the National Debt, As Fed Continues Interest Rate Hikes to Combat Inflation
“Our national debt is so large, we’re already paying more than $1 billion every day on interest, and that’s growing fast,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE September 29, 2022
Peterson Foundation Convenes Fiscal and Economic Experts to Share Views on High Inflation, Interest Rate Hikes, Rising National Debt and How to Avoid a Recession
Eleven new essays provide insights and solutions for overcoming today’s economic challenges, creating a sustainable budget and stronger future.
READ MORE September 12, 2022
Peterson Foundation Statement on Student Debt Forgiveness Announcement
“On the heels of the first meaningful deficit reduction initiative in years in the Inflation Reduction Act, it’s highly irresponsible, unfortunate and unwise to wipe out those fiscal benefits with this announcement," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE August 24, 2022
US Fiscal Confidence Climbs from Record Low upon Passage of Inflation Reduction Act
“This month’s improvement in the index makes it clear that voters want leaders who will improve America’s fiscal and economic future,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE August 23, 2022
Peterson Foundation Statement on House Passage of Inflation Reduction Act of 2022
“This is an example of how our leaders can pay for their priorities, whatever they may be, while helping to improve America’s fiscal and economic future at the same time," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE August 12, 2022
Peterson Foundation Statement on Inflation Reduction Act of 2022 and CBO Score
“This bill demonstrates that you can invest in areas of national interest while improving our fiscal outlook at the same time," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE August 4, 2022
Research Teams at Brown to Investigate Solutions to Nine Pressing Pandemic Challenges
The projects, which address problems ranging from mental health to food security to the impact on K-12 education, will receive $643,029 in research support from a new Peterson Foundation fund.
READ MORE July 29, 2022
Peterson Foundation Statement on CBO Long-Term Budget Outlook
“Today’s CBO report may not be a surprise, but it should be alarming for all of us," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE July 27, 2022
Mayor Adams Announces $1.5 Million Investment in NYC Small Business Resource Network
New York City Mayor Eric Adams today announced a $1.5 million investment in the NYC Small Business Resource Network (SBRN), allowing the SBRN to extend its programming through 2023.
READ MORE July 26, 2022
US Fiscal Confidence Falls to All-Time Low, Amid Rising Debt and High Inflation
“Americans’ confidence in our fiscal outlook is weighed down by deep concerns about the national debt, an uncertain economic outlook and a lack of fiscal leadership,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE July 26, 2022
US Fiscal Confidence at Lowest Point Since 2013
“With rising interest rates, skyrocketing inflation, geopolitical turmoil and concerns about economic growth, it’s no wonder that Americans’ confidence in our fiscal outlook is low,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE July 7, 2022
‘Student Debt Smarter’ Launched to Help Students Considering College Loans
New student debt affordability calculator empowers students as they pursue college and career goals.
READ MORE June 9, 2022
Peterson Foundation Statement on Social Security and Medicare Trustees Reports
“The writing on the wall couldn’t be any more clear: Social Security and Medicare remain on a dangerously unsustainable path," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE June 2, 2022
Six Months from Election Day, Strong Majority of Democrats and Republicans Cite National Debt as Top-Three Priority
“Six months from an important election, and as Americans face the challenges of high inflation, rising interest rates and economic uncertainty, it’s no surprise that voters are deeply concerned about our unsustainable national debt and budget outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE May 26, 2022
Peterson Foundation Statement on CBO 10-Year Budget and Economic Outlook
“The most important takeaway from today’s CBO report is that interest costs are higher, adding to an already unsustainable fiscal outlook," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE May 25, 2022
The Becker Friedman Institute Announces $1 Million Grant from the Peter G. Peterson Foundation
Funding Will Support New Research to Analyze Economic Implications of COVID-19 Pandemic, Illuminate Solutions for Policymakers
READ MORE April 29, 2022
US Fiscal Confidence Falls as Nation Faces Higher Inflation and Unsustainable Budget Outlook
“As we continue to face significant economic turbulence and uncertainty, fiscal confidence is near a record low, because voters know that our growing national debt makes it more difficult to build a strong and stable future,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE April 28, 2022
US Fiscal Confidence Near Record Low as Nation Enters Era of Rising Interest Rates and Economic Uncertainty
“Rising interest rates mean rising interest costs, and Americans understand that’s a major problem for a country that’s $30 trillion in debt,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE March 31, 2022
Peterson Foundation Statement on President’s Budget
“This budget acknowledges the need for deficit reduction, and represents a positive step and starting point for action on stabilizing our national debt" said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE March 28, 2022
Peterson Foundation Statement on Fed Action
“Today’s Fed action is an important reminder that interest rates do not remain low forever, and have significant implications for our national debt," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE March 16, 2022
Peterson Center on Healthcare Announces $5M Support for New Effort to Manufacture and Distribute Low-Cost Insulin
“Far too often, life-saving medications like insulin are unaffordable or unavailable, tragically burdening millions of Americans,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation, which established the Peterson Center on Healthcare.
READ MORE March 3, 2022
Voters Deeply Concerned about Budget Outlook as State of the Union Approaches and US Faces Key Economic Challenges Including Inflation
“Our economy is grappling with very high levels of inflation and probable interest rate hikes, all on the back of our runaway national debt which hit a staggering $30 trillion this month,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE February 25, 2022
US Fiscal Confidence at 7-Year Low, as National Debt Surpasses $30 Trillion
As the national debt surpasses $30 trillion, voter confidence in America’s financial situation and budget outlook tied a 7-year low, according to the Peter G. Peterson Foundation’s newest monthly index.
READ MORE February 3, 2022
Peterson Foundation Statement on $30 Trillion National Debt Milestone
“Our high and rising debt makes us less prepared for the next pandemic, less secure against future adversaries, less resilient to the changing climate, and less able to build the strong," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE February 1, 2022
As National Debt Surpasses $29 Trillion, Voters Remain Highly Concerned about America’s Fiscal Outlook
At the start of 2022 with a record $29 trillion in national debt, U.S. voters of all stripes are growing more concerned about America’s unsustainable federal budget outlook, according to the nonpartisan Peter G. Peterson Foundation’s newest monthly index.
READ MORE January 7, 2022

Expert Views: Inflation, Interest & the National Debt

We asked experts with diverse views from across the political spectrum to share their perspectives.

National Debt Clock

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