2025 Fiscal Cliff
In 2025, lawmakers have a rare opportunity to get our fiscal house in order. From reinstatement of the federal debt limit in January to the December expiration of several provisions of the 2017 Tax Cuts and Jobs Act, the year is ripe for action.
The Latest
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Why the National Debt Matters for the U.S. Bond Market and the Economy
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How to Reform Student Loans to Save Billions
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Congressional Spending Negotiations in 2025: Scenario PlanningBPC outlines the ways that fiscal year 2025 funding negotiations could play out.
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Visualizing CBO’s Budget and Economic Outlook: 2025This blog highlights key federal budget and economy takeaways and data from CBO’s report at the start of an especially consequential year for fiscal policy.
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Why the National Debt Matters for the Energy SectorThe United States is on an unsustainable fiscal trajectory that could create long-term challenges for financing, building, and maintaining much-needed energy infrastructure.
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Why Immigration Policy Matters for the National DebtWhile immigration increases some federal spending, most immigrants are net contributors because they pay more in taxes than they claim in benefits.
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Why the National Debt Matters for National SecurityA large and growing national debt poses long-term economic and security risks to the United States.
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Why the National Debt Matters for the American WorkforceThe unsustainable growth of our national debt threatens both public and private efforts to support workers.
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Why the National Debt Matters for the Dollar and Global Economic StrengthSince World War II, the dollar has played a dominant role in global financial markets, maintaining America’s global economic leadership. This affords the United States “exorbitant” privileges no other country enjoys.
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The Risks of Our Growing Public DebtOver the past 25 years, the national debt has grown significantly and it is projected to continue growing faster than the economy far into the future.
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The Bill is Due: Lawmakers Need to Address Our Growing Public DebtAs Election Day 2024 nears, candidates face tough financial realities, with rising debt and limited funds for housing, health care, and small business support.
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Monthly Deficit TrackerThis page provides monthly updates and analysis on the U.S. debt limit, offering insights into current debates, potential impacts on the economy, and implications for fiscal policy decisions.
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Federal Budget SimulatorThe Federal Budget Simulator lets you explore tough tradeoffs in Social Security, health care, and taxes, aiming to create a sustainable U.S. budget.
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Why the National Debt Matters for HousingRising national debt threatens economic growth, driving up interest rates, mortgages, and housing costs while reducing public investments and increasing long-term risks for the U.S. economy.
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Why the National Debt Matters for Rising Health Care CostsA growing national debt poses long-term risks to the U.S. health care sector, potentially undermining innovation, federal health care priorities, and access to affordable care as rising health costs drive federal spending higher.