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  • The Fiscal Challenge
    • Our National Debt

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

By svillarreal | May 27, 2025
International Monetary Fund building

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

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News from the Quarterly Treasury Refunding Statement

By jcurry | May 23, 2025
Treasury Department

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.

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

By briteweb | May 19, 2025
Capitol dome at night

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

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

By jcurry | May 19, 2025
People shop at a home improvement store

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

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

By briteweb | May 13, 2025
Peter G. Peterson Foundation National Debt Clock in Washington DC

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

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Current Federal Debt & Deficit

By briteweb | May 12, 2025

See the latest numbers on the national deficit for this fiscal year and how it compares to previous years.

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Interest Costs on the National Debt

By jcurry | May 12, 2025

See interest costs on the national debt for this fiscal year and projections for the next 10 years.

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The President’s “Skinny Budget” Reallocates Priorities for Appropriations

By aklawitter | May 2, 2025
Image of Trump signing a document.

President Trump’s budget proposal would maintain total discretionary spending at the same amount as last year — but would reallocate billions from other programs into the defense and homeland security.

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The National Debt Can Crowd Out Investments in the Economy — Here’s How

By briteweb | April 23, 2025
Workers on concrete wall form

Large amounts of federal debt could “crowd out” investments by the private sector, making the economy less productive and stunting wage growth.

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Growing National Debt Sets Off Alarm Bells for U.S. Business Leaders

By svillarreal | April 21, 2025
View of skyscraper buildings from the ground.

Debt rising unsustainably threatens the country’s economic future, and a number of business leaders have signaled their concern.

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