Interest

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...

Over the coming decade, the vast majority of growth in federal government spending will come from just four parts of the federal budget: Social...

As the national debt continues to climb toward record levels – totaling 100% of Gross Domestic Product (GDP) at the end of Fiscal Year (FY) 2025 –...

Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The...

Interest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing...

The Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 trillion to primary...

The 10-year Treasury yield today is approaching 4.4 percent, over 50 basis points above the intra-day low a month ago on April 7, more than twice as...

Congress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that adds a net $5.8 trillion to primary...

The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt...

A recent press report indicated that House leadership may be considering a budget resolution that would allow up to $5.5 trillion of net primary...

The recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal...