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The U.S. Economy Grew at Its Fastest Rate Since 1984

The strong rebound in 2021 was partially due to the high economic growth experienced in the fourth quarter.

Budget Basics: What Is the Earned Income Tax Credit?

The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.

What Are Interest Costs on the National Debt?

Interest costs are on track to become the largest category of spending in the federal budget.

Strengthening Medicare: Options to Reduce Costs

There are different ways to reduce Medicare spending, and any reform option that reduces Part A costs would help extend the longevity of the HI Trust Fund.

Voters: National Debt Needs to Be Part of the Debates

New polling shows that voters want Hillary Clinton and Donald Trump to address the national debt in the upcoming debates.

What the Candidates Said About the Debt

The third presidential debate included a dedicated segment on the national debt, giving both candidates a chance to talk about their vision.

Growing Momentum for a Fiscal Commission in Congress

A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.

How Can We Reduce Unnecessary Healthcare Spending in the US?

In 2021, health spending in the United States totaled $4.3 trillion and averaged nearly $13,000 per person.

Leading Economists: The Economy Bounced Back Fast, But Major Questions Remain

Amid a complicated economic and fiscal environment, two top economists joined a panel discussion as part of the Peterson Foundation Economic Forum.

What Are Treasury’s “Extraordinary Measures” on the Debt Ceiling?

When the government reaches its debt ceiling, the Treasury can use various accounting maneuvers, so-called “extraordinary measures,” to forestall a default.