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Although a return to a normalized interest environment is a good sign for the strength of the economy, rate increases will make it more expensive to borrow.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2019
“Today’s CBO report demonstrates America’s dangerous and irresponsible fiscal path. Deficits will soon reach $1 trillion annually and grow from there, with no end in sight or plan for the future," Michael A. Peterson, CEO of the Peter G. Peterson Foundation
The federal deficit is growing during a period of economic expansion — a pattern that is highly unusual.
https://www.pgpf.org/blog/2018/12/the-risks-of-running-up-deficits-when-the-economy-is-good
Medicare is a large share of the budget, and it is projected to grow.
https://www.pgpf.org/analysis/urgent-action-needed-to-shore-up-medicare-program
“It’s unfortunate that even the Committee’s draft package of modest recommendations failed to advance. Significant work remains to address America’s fiscal challenges and the Committee’s proposals could have been a small step in the right direction to improve our budget process." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2019
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2019
Michael A. Peterson pens an op-ed about debt goals for the U.S. for POLITICO.
https://www.pgpf.org/press-release/op-ed-a-real-debt-goal-60-percent-by-2030
The Peter G. Peterson Foundation issues a statement on President Obama's speech on the nation's long-term debt.