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The Peter G. Peterson Foundation is a nonpartisan, nonprofit organization focused on building a brighter economic future for all Americans. Browse our latest content and updates.

News

June 6, 2025

The Scorekeepers Agree: Budget Bill will Increase U.S. Debt by Trillions

The House recently passed the One Big Beautiful Bill Act, and fiscal scorekeepers are unanimous in their assessment that it would increase federal debt by trillions of dollars within 10 years.

June 4, 2025

House Reconciliation Bill Would Increase the National Debt by More Than Any Other Recent Legislation

The House recently passed the largest reconciliation bill ever. CBO estimates it would add $2.4 trillion (excluding interest) to the national debt over 10 years.

June 3, 2025

Budget Basics: The National Flood Insurance Program

The National Flood Insurance Program is run by the federal government to reduce the impact of flooding on private and public structures.

May 29, 2025

As Reconciliation Bill Heads to the Senate, Voters Deeply Concerned about Adding Trillions in Debt

“Voters understand that the Moody’s downgrade is not a good sign, and adding more trillions to our national debt with new legislation would only take things in the wrong direction,” said Michael A. Peterson.

May 27, 2025

United States Is Borrowing at a Higher Rate than the Global Average, Warns IMF

New IMF reports serve as a warning to all countries that global fiscal and economic conditions are veering into dangerous territory.

May 23, 2025

News from the Quarterly Treasury Refunding Statement

As borrowing has risen, the Treasury has generally been increasing the proportion of bills (maturity of one year or less) in its portfolio of marketable securities.

May 21, 2025

Quiz: How Much Do You Know About the U.S. Tax System?

The lengthy and complex United States tax code can be difficult to understand. Take our quiz to see how much you really know.

May 19, 2025

Moody’s Downgrade of U.S. Credit Rating Highlights Risks of Rising National Debt

For the first time ever, all three major credit ratings agencies have downgraded U.S. credit below their top rating.

May 19, 2025

New Report: Rising National Debt Will Cause Significant Damage to the U.S. Economy

On all key financial metrics, from GDP and investment to jobs to wages, the growing national debt harms future economic prospects for American citizens.

May 16, 2025

Peterson Foundation Statement on Moody’s Downgrade

“For those looking for a signpost to tell us when to stop adding to our national debt, they should look no further than Moody‘s downgrade.”