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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.
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.
Mar 9, 2026
Issues: Individual Taxes
Individual taxes are the largest source of revenues for the federal government. Learn about tax reform policy options for a stronger fiscal outlook.
Mar 18, 2026
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.
Mar 19, 2026
Quarterly Treasury Refunding Statement: Higher Borrowing Compared to Last Year
Key highlights from the most recent Quarterly Refunding include an increase in anticipated borrowing of $249 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.
Apr 13, 2026
Issues: Fiscal Outlook
America’s high and rising national debt threatens our economic future. Learn about the drivers of the debt.
Mar 3, 2026
Issues: Economic Outlook
A strong fiscal foundation supports economic opportunity and prosperity. Explore the relationship between the national debt and our economic outlook.