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Peterson Foundation Statement on the National Debt Surpassing $23 Trillion
“Reaching $23 trillion in debt on Halloween is a scary milestone for our economy and the next generation, but Washington shows no fear," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE November 1, 2019
As Deficits Widen to a 7-Year High, Americans Urge Leaders to Start Managing the Debt
“Last year's deficit was nearly $1 trillion and it’s on track to continue to grow rapidly, so voters are rightfully concerned about what our fiscal outlook means for our future,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE October 29, 2019
Peterson: Path of Trillion-Dollar Deficits Means Diminishing Resources, Opportunity and Quality of Life
“If we stay on this path, we’ll leave our kids and grandkids with diminished resources, opportunity and quality of life," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE October 25, 2019
Peterson Foundation Launches National Debt Clocks in Cities Across America
Continuously updated billboards put a spotlight on $22 trillion national debt as part of 2020 campaign conversation.
READ MORE September 30, 2019
While Deficits Rise and Lawmakers Delay Action, Americans Call for Renewed Focus on Nation’s Fiscal Health
As another fiscal year of budget uncertainty and rising deficits comes to an end , the vast majority of Americans want the president and Congress to address the national debt.
READ MORE September 24, 2019
Amid Worsening Deficit Outlook, Americans Increasingly Concerned About Nation’s Future
“Voters across party lines want fiscal leadership from their elected officials, in order to better manage the national debt and put America on a stronger economic course for the future,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE August 27, 2019
Peterson: New CBO Report Shows Fiscal Damage from Budget Deal
“We all know we are already on a troubling fiscal path, but today’s CBO report shows us that our leaders are making things considerably worse," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE August 21, 2019
As Leaders in Washington Add to the National Debt, Voter Concern about America’s Fiscal Health Rises
While Congress and the President move forward on a budget deal that will add $1.7 trillion to the debt over the next 10 years, voters across party lines are increasingly concerned about the nation’s finances.
READ MORE July 30, 2019
Peterson Foundation: Budget ‘Compromise’ Ignores Next Generation
“This deal ignores our large and growing fiscal imbalances and is a step in the wrong direction for our economy." said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE July 25, 2019
Peterson Foundation Statement on OMB Mid-Session Review
“The administration projects that the deficit is on track to hit $1 trillion this year, even though we are in a strong economy and low interest rate environment," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
READ MORE July 15, 2019
Voters Want Renewed Focus on the National Debt As Lawmakers Consider Costly New Tax and Spending Proposals
As lawmakers consider a range of costly new tax and spending proposals, voters across party lines are urging their leaders to prioritize the nation’s high and rising debt.
READ MORE June 26, 2019
Peterson: New CBO Report a Reality Check for Lawmakers
“As America’s leaders consider costly new spending proposals and tax cuts, today’s CBO report is a timely reality check," Michael A. Peterson, CEO of the Peter G. Peterson Foundation
READ MORE June 25, 2019
Seven Leading Think Tanks Put Forward Plans to Significantly Reduce Nation’s Debt
Peterson Foundation’s ‘Solutions Initiative’ Produces Policy Options to Build Stronger Fiscal Future for America.
READ MORE June 12, 2019
2019 Up to Us Winner: Michigan's Oakland University
Oakland University’s innovative ‘Fiscally Fit’ campaign to engage students on the nation’s $22 trillion-and-growing debt stood out among more than 100 campus teams nationwide
READ MORE June 11, 2019
2019 Fiscal Summit Press Release
10th annual Fiscal Summit includes Speaker Nancy Pelosi, White House Acting Chief of Staff Mick Mulvaney, House Budget Chairman John Yarmuth, Ways and Means Ranking Member Kevin Brady, New CBO Director Phillip Swagel and other leading policy voices from across the political spectrum
READ MORE June 11, 2019
Bipartisan Majorities of Americans Call on Leaders to Focus on Nation’s Fiscal Outlook
“Our nation faces a range of critical challenges, but Americans understand that managing the debt is a key part of building America’s future,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE May 29, 2019
Peterson Foundation Statement on the Passing of Alice Rivlin
“Alice was a pioneering leader, a committed public servant and a dedicated advocate for fiscal responsibility and sensible solutions,” Michael A. Peterson, CEO of the Peter G. Peterson Foundation
READ MORE May 14, 2019
Peterson Foundation: New CBO Report Shows Unsustainable Path Forward
“Today’s CBO report demonstrates America’s dangerous and irresponsible fiscal path. Deficits will soon reach $1 trillion annually and grow from there, with no end in sight or plan for the future," Michael A. Peterson, CEO of the Peter G. Peterson Foundation
READ MORE May 2, 2019
In Growing Economy, Voters See Critical Opportunity to Regain Control of the Budget, Future
“The economy is growing, but so is the federal deficit, and that’s highly unusual.” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE April 30, 2019
Peterson Foundation on Social Security, Medicare Trustees Reports: Doing Nothing Today Means Cuts Tomorrow
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
READ MORE April 22, 2019
Voters Across Party Lines Hold Serious Concerns About Nation’s Fiscal Condition as U.S. Debt Continues To Rise
“The vast majority of Americans across party lines continue to urge national leaders to manage the debt,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE March 26, 2019
Peterson on February Deficit: The Definition of Unsustainable
Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today following the release of the Monthly Treasury Statement, which showed a deficit of $234 billion.
READ MORE March 22, 2019
US 2050 Conference Explores Trends that Will Shape America’s Future
Unique Research Project from Peterson Foundation and Ford Foundation Convenes Authors of 31 New Papers Exploring America’s Most Significant Long-Term Challenges
READ MORE March 22, 2019
Peterson Foundation Statement on President’s Budget
“Today’s proposal marks the beginning of the budget process, and it’s clear that there’s more work to do,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE March 11, 2019
As National Debt Reaches $22 Trillion, Voters Are Deeply Concerned about America’s Fiscal Outlook
“The vast majority of Americans across party lines, including younger voters, are calling on the President and Congress to take action on our national debt,” said Michael A. Peterson, CEO of the Peterson Foundation.
READ MORE February 26, 2019
Peterson Foundation Statement on National Debt Reaching $22 Trillion

“Reaching this unfortunate milestone so rapidly is the latest sign that our fiscal situation is not only unsustainable, but accelerating," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.

READ MORE February 12, 2019
Peterson: State of the Union Address Must Acknowledge Dangerous Fiscal Outlook

“No review of the state of our union is complete without acknowledging our nation’s high and rising debt," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.

READ MORE February 5, 2019
Record Drop in Americans’ Fiscal Confidence Amid Shutdown Battle and Partisan Gridlock

“Washington’s failure to address the national debt and critical budgetary issues has a direct negative effect on Americans’ confidence,” said Michael A. Peterson, CEO of the Peterson Foundation.

READ MORE January 29, 2019
Peterson Foundation: CBO Confirms Dangerous Fiscal Path

“CBO has once again provided clear evidence that we must do something about America’s dangerous fiscal situation," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.

READ MORE January 28, 2019
Peterson Foundation Statement on Temporary End to Shutdown

“This shutdown has negatively affected the lives of millions of Americans, disrupted essential government services, and unnecessarily harmed the economy." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.

READ MORE January 25, 2019
Peterson Foundation Statement on House Rules Package and Return to PAYGO

“This new rules package includes important reforms that can help encourage fiscal responsibility." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.

READ MORE January 4, 2019
Vast Majority of Americans Urge President and New Congress to Make Nation’s Fiscal Challenges a Top Priority

With a new Congress set to convene in the midst of a costly government shutdown, Americans hold deep concerns and a widespread belief that the country is moving in the wrong direction when it comes to the national debt.

READ MORE January 3, 2019

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.