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National Debt What is national debt and how does it affect our economy?
Mandel Ngan/AFP via Getty Images A government debt sale this week went poorly because potential buyers were spooked by tariffs.
Peter G. Peterson Foundation is a nonpartisan organization dedicated to raising awareness and accelerating action on America’s fiscal challenges to build a brighter economic future for the next generation. Learn more at PGPF.org
Photos by J. David Ake/Getty Images | Jay L. Clendenin/Los Angeles Times via Getty Images | Illustration by Jordan Mangi/Marketplace The fight is over how to frame the numbers, one tax law expert says, because that changes the rhetoric. A Senate adviser will decide.
Kayla Bartkowski/Getty Images The Social Security Administration could lose at least 7,000 workers under recommended staff cuts by DOGE. That could lead to serious delays in benefits processing.
bitterfly/Getty Images Rural hospitals and clinics face potential closures, leaving patients with longer travel times, fewer options and more uncertainty about their access to care.
Johannes Eisele/AFP via Getty Images What’s good for consumers looking for loans could be bad news for the economy.
Murphy Woodhouse In Valley County, Idaho, for example, data show that the Forest Service is the area’s third largest employer — ahead of a school district, the local hospital and a major ski resort.
Andrew Harnik/Getty Images Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.
Timothy Nwachukwu for The Washington Post via Getty Images Buying a bond is usually like going for ice cream (to a regular ice cream place): You pick your flavor, you pay, you enjoy a nice, predictable payoff. Lately though, that’s not the deal.
Kent Nishimura/Getty Images Government spending is built into the formula for calculating GDP.
National Debt