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Subscribe

SIGN UP FOR OUR
NEWSLETTER

Register with us to become part of an important movement to develop long-term, nonpartisan fiscal solutions for a healthy growing economy. By signing up, you’ll receive our email newsletter with relevant and timely information on economic and fiscal policy.

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  • The Fiscal Challenge
    • Our National Debt

      Understand the U.S. national debt, why it matters, and what we can do.

      Understanding the Federal Budget

      Learn about the budget, how it’s created, and how we can fix our budgeting process.

      $38T

      National Debt

      $1.8T

      FY25 Deficit

  • Issues
      • Fiscal Outlook

      • The U.S. Budget

      • Policy Proposals

      • Individual Taxes

      • Corporate Taxes

      • Democracy

      • Healthcare

      • Social Programs

      • Defense Spending

      • Economic Outlook

      • See all Issues

  • Programs and Projects
      • Advancing Fiscal Solutions

      • Engaging Young Americans

      • Strengthening Our Democracy

      • Convening Experts

      • See all Programs

  • Resources

Current Federal Debt & Deficit

By briteweb | December 1, 2025

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

Read More

Quarterly Treasury Refunding Statement: Borrowing Up Year Over Year

By jcurry | November 24, 2025
Treasury Department

Key highlights from the most recent Quarterly Refunding include an increase in anticipated borrowing of $158 billion compared to the same period in the previous year.

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Experts Identify Lessons from History for America Today

By jcurry | November 13, 2025
Flags from around the world

A distinguished group of experts to evaluate America’s current fiscal landscape with an historical perspective.

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Expert Views: Lessons from History for America Today

By aklawitter | November 13, 2025

We asked six experts to look across history for lessons that shed light on today’s fiscal, economic, and political challenges.

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

By amymcleod | October 29, 2025
Federal Reserve Chair Jerome Powell Holds News Conference On Interest Rates

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

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

By briteweb | October 22, 2025

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

By jcurry | October 22, 2025
National debt clock

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

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

By jcurry | October 22, 2025
Treasury building

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

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

By briteweb | October 22, 2025
National Debt Clock

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

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Interest Costs on the National Debt

By jcurry | October 21, 2025

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

Read More
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