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News

October 30, 2025

Should We Eliminate the Social Security Tax Cap?

There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.

October 30, 2025

As Government Shutdown Continues and National Debt Surpasses $38 Trillion, U.S. Voters Deeply Concerned about Fiscal Outlook

“It took the United States just 70 days to go from $37 trillion to $38 trillion in debt, and voters are deeply concerned about the fiscal hole we are digging for future generations,” said Michael A. Peterson.

October 29, 2025

The Fed Reduced the Short-Term Rate Again, but Interest Costs Remain High

High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.

October 24, 2025

No Taxes on Tips Will Drive Deficits Higher

Here’s how this new, temporary deduction will affect federal revenues, budget deficits, and tax equity.

October 22, 2025

The Federal Government Has Borrowed Trillions. Who Owns All that Debt?

Most federal debt is owed to domestic holders, but foreign ownership is much higher now than it was about 50 years ago.

October 22, 2025

With $38 Trillion in Debt, Is the U.S. Headed for More Credit Downgrades?

Three successive downgrades of the U.S. credit rating should alarm elected leaders, but our national debt remains on an unsustainable trajectory.

October 22, 2025

The United States Is Adding to the National Debt Faster Than Ever

The nation’s debt is growing at a historic rate and eclipsing all-time highs.

October 22, 2025

Infographic: The National Debt Is Now More than $38 Trillion. What Does That Mean?

Although the national debt affects each of us, it may be difficult to put such a large number into perspective.

October 22, 2025

Peterson Foundation Statement on National Debt Passing $38 Trillion

“Reaching $38 trillion in debt during a government shutdown is the latest troubling sign that lawmakers are not meeting their basic fiscal duties.”

October 20, 2025

Three Reasons Why Assuming Sustained 3% Growth is a Budget Gimmick

GDP growth of 3 percent is significantly higher than independent, nonpartisan estimates and historically difficult to achieve.