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Higher interest rates squeeze federal budget

The annual interest cost is about equal to what the federal government spends on transportation, housing and food/agriculture – combined.

Interest ratesInterest expenseFederal governmentSocial securityHe national debtGovernment debtNational defense

Politicians Need To Stop Pretending the National Debt Is Sustainable

The reality raises questions about the kind of future we want to leave for the next generation.

United statesManhattan institute brian riedlCongressional budget officeManhattan instituteBrian riedlSocial securityInterest ratesCongressional budget officeCredit card debtEconomic growthInterest costsBalanced budgetHe national debtInterest payments

WATCH: Biden admin shifts blame as national debt reaches historic high of $34 trillion

White House press secretary Karine Jean-Pierre attempted to blame Republicans for the record high national debt despite President Biden having been in office for nearly three years.

Donald trumpEdward lawrenceCongressional budget officeAssociated pressPresident bidenPresident donald trumpWhite houseKarine jean pierreRepublican tax cutsJean pierreHe national debtWhite house press secretaryNational debt

America Has Borrowed $1 Trillion Since the Start of Football Season

The federal government is borrowing money at a mind-spinning rate, and you can't blame it on the COVID-19 pandemic anymore.

United statesNew yorkMichaela petersonMaya macguineasTreasury departmentCongressional budget officeNational football leaguePeterson foundationUniversity of pennsylvaniaNew york timesPeterg peterson foundationAssociated pressResponsible federal budgetSocial securityDebt matters againAmerica has borrowed

Sen Mitt Romney s bill to tackle $33 trillion in national debt earns bipartisan support

Sen. Mitt Romney’s colleagues praised the idea of establishing a commission that tackles the national debt. Read more here.

United statesNorth carolinaNew hampshireJohn hickenlooperThom tillisMitt romneyScott petersBill huizengaJoe manchinMark warnerPaul ryanKyrsten sinemaTodd youngJeanne shaheenCynthia lummisJohn cornyn

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