News
The U. S. Dollar Is the World's Reserve Currency. Why Does That Matter?
1+ hour, 56+ min ago (258+ words) The U. S. dollar is the primary reserve currency for the world's financial system " but what does that mean, and why is it important to the United States' public finances? The U. S. dollar has served as the world's primary reserve currency for more…...
Quiz: How Much Do You Know About the Federal Budget?
1+ mon, 3+ week ago (27+ words) A strong fiscal outlook is an essential foundation for a growing, thriving economy. Take our quiz to see how much you really know about the federal budget....
The United States Spends More on Defense than the Next 6 Countries Combined
1+ mon, 4+ day ago (460+ words) Peter G. Peterson Foundation The United States Spends More on Defense than the Next 6 Countries Combined The United States continues to lead the world in defense spending by a wide margin. In 2025, defense spending by the United States accounted for 33 percent…...
6 Ways the Rising National Debt Can Fuel a Fiscal Crisis
2+ mon, 4+ day ago (321+ words) Peter G. Peterson Foundation 6 Ways the Rising National Debt Can Fuel a Fiscal Crisis While the likelihood of a fiscal crisis currently remains low, the national debt is now as large as the entire U. S. economy, and the risk is increasing as…...
Peterson Foundation Statement on National Debt Passing $39 Trillion
2+ mon, 3+ week ago (311+ words) Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today as the U. S. national debt reached $39 trillion. Peterson said: "As America soars past $39 trillion in debt, we must recognize this alarming rate of growth and the significant financial burden we are…...
With $39 Trillion in Debt, Is the U. S. Headed for More Credit Downgrades?
2+ mon, 3+ week ago (292+ words) On March 17, the United States reached an unfortunate milestone: $39 trillion in gross debt. Looking ahead, we are adding debt faster than ever and are currently on pace to borrow an additional $1 trillion every five months. In its most recent projections,…...
With $37 Trillion in Debt, Is the U. S. Headed for More Credit Downgrades?
8+ mon, 1+ week ago (296+ words) On August 11, the United States reached an unfortunate milestone: $37 trillion in gross debt. Looking ahead, we are adding debt faster than ever and are currently on pace to borrow an additional $1 trillion every five months. Despite this worrisome outlook, Congress…...
How Does Inflation Affect the Federal Budget?
9+ mon, 2+ week ago (254+ words) Income that is usually subject to taxation, such as wages and profits, generally rises in in an inflationary environment. When that income rises, so too does the amount of revenues that the federal government collects from such sources, even though…...