Delaying Fiscal Reform is Costly, Annual Treasury Report Warns
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
Read MoreDebt vs. Deficits: What’s the Difference?
The words debt and deficit come up frequently in debates about policy decisions. The two concepts are similar, but are often confused.
Read More5 Ways Rising National Debt Makes America Less Affordable
The rising debt contributes to higher inflation and interest rates, which can have significant negative consequences for American families and businesses.
Read MoreWhat Is R Versus G and Why Does It Matter for the National Debt?
The combination of higher debt levels and elevated interest rates have increased the cost of federal borrowing, prompting economists to consider the sustainability of our fiscal trajectory.
Read MoreChart Pack: Fiscal Outlook
The national debt is already at its highest level since just after World War II, and annual deficits are on an upward trajectory.
Read MoreRising Interest Costs on the National Debt Are Crowding Out America’s Future
Growing interest costs on the national debt matter because of their effect both inside the federal budget as well as on the overall economy.
Read MoreWhat Are the Consequences of a High and Rising National Debt?
The high and rising national debt harms the economy, makes life less affordable, and jeopardizes the economic prosperity of Americans.
Read More6 Ways the Rising National Debt Can Fuel a Fiscal Crisis
The national debt is now as large as the entire U.S. economy, and the risk is increasing as the country accumulates debt faster than ever.
Read MoreNational Debt Projected to Hit 175% GDP; Interest Totals $99 Trillion
Compared with the previous 30-year projections, spending will be higher, revenues lower, interest rates and interest payments elevated, and the national debt significantly larger.
Read MoreThe 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.
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