The “One Big Beautiful Bill Act” (OBBBA) will add $4.2 trillion to the national debt through Fiscal Year (FY) 2034 or $4.7 ...

On March 11, 2026, Committee for a Responsible Federal Budget President Maya MacGuineas testified before the Fiscal Responsibility and Economic Growth Subcommittee of the Senate Committee on Financ ...

Senators John Curtis (R-UT) and Angus King (I-ME) recently introduced the Fiscal Commission Act, a bipartisan bill that would establish a fiscal commission to address the nations ...

Recessions and other economic shocks are inevitable. Although the timing and particulars of the next downturn or emergency are hard to anticipate, one can predict with certainty that another will ...

The U.S. has never experienced an economic shock as indebted as we are today. Recessions and other economic shocks are inevitable. Although the timing and particulars of the next downturn or emergency ...

The federal government borrowed $1.6 trillion over the past year – March 2025 to February 2026 – based on estimates from the ...

The United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest ...

The U.S. national debt has long been on an unsustainable path. Nonetheless, for most of the 20th century, debt sustainability has been bolstered by the fact that the average interest rate paid on the ...