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Nov 14, 2025
How Much Does the Government Spend on International Affairs?
Federal spending for international affairs, which supports American diplomacy and development aid, is a small portion of the U.S. budget.
Sep 11, 2025
What Is Budget Reconciliation?
The reconciliation process avoids the potential need to gather 60 votes to end debate and, therefore, allows the Senate to adopt legislation with a simple majority.
Dec 23, 2025
Budget Basics: What Is the Child Tax Credit?
The CTC provides assistance to families with children, and while it represents a relatively modest part of overall government spending, it is one of the largest tax expenditures.
Aug 12, 2025
National Debt Clock
What is the total national debt? What is the debt per person? See the latest numbers and learn more about the causes of our high and rising debt.
Nov 13, 2025
Trussing the Big Beautiful U.S. Dollar
“We are in the middle of a very dangerous experiment with the U.S. dollar, and with the international monetary system, whose fundamental driver is a fiscal gamble, perhaps brave, perhaps foolhardy,” writes Harold James.
Jul 31, 2024
Why Have Federal Deficits Soared Over the Past Two Decades?
The widening budget deficit is attributable to both a decline in revenues and an increase in spending.
Aug 25, 2025
Issues: Defense Spending
America’s fiscal, economic, and national security are closely linked. Learn more about U.S. defense spending.
Nov 24, 2025
Quarterly Treasury Refunding Statement: Borrowing Up Year Over Year
Key highlights from the most recent Quarterly Refunding include an increase in anticipated borrowing of $158 billion compared to the same period in the previous year.
Nov 13, 2025
The Debt Crisis and American National Security
“The United States is already in a crisis, one that will only grow more acute if action is not taken,” write Richard Haass and Carolyn Kissane.
Sep 25, 2025
Issues: Healthcare
Our healthcare system is the most expensive in the world, and it is one of the key drivers of the national debt. Learn about options for reform.