The U.S. national debt is the total of what the federal government owes creditors. The U.S. has always carried debt, but the ...

"Rising debt will continue to put upward pressure on interest rates," the Committee for a Responsible Federal Budget (CRFB), a nonpartisan group that advocates for lowering the national deficit ...

which graphs the outstanding national debt held by the public at the end of each year from 1963 to 2000. The large amount of publicly held U.S. Treasury debt shown in Chart A also has implications for ...

"Interest on the national debt is the fastest growing part of the budget, totaling more than $650 billion in fiscal year 2023 alone," MacGuineas said. "We already spend more on interest than we ...

But here's the rest of the picture. Interest payments on the ballooning national debt have now for the first time exceeded every other individual item in the budget except Social Security.

Interest on the U.S. national debt topped $1 trillion for the first time during fiscal 2024, as the annual budget deficit reached its highest level except during the COVID-19 pandemic. Figures ...

The fast-growing national debt is on pace to reduce ... Goldwein also noted that higher levels of government debt tend to cause interest rates to rise, which further squeezes household budgets ...

Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.

As spending increases, the government has to borrow more money, resulting in a higher supply of Treasurys coming onto the market which end up lifting interest rates. US national debt hit an all ...

At its current trajectory, the rising national debt—and the increasing burden of making interest payments on it—will reduce Americans' future income growth by 12 percent over the next 30 years ...

Historian Niall Ferguson recently invoked what he calls his own personal law of history: “Any great power that spends more on debt service (interest payments on the national debt) than on ...