Tracking the federal deficit, national debt trajectory, and long-term fiscal sustainability. Sourced from CBO projections, OMB budget data, and FRED economic indicators.
→ Full Debt DashboardSourced from FRED, US Treasury Fiscal Data, Congressional Budget Office, and Office of Management & Budget.
In FY2025, federal net interest on the national debt crossed $1 trillion for the first time — now the second-largest budget line item, ahead of defense spending, with CBO projecting $2.1 trillion annually by 2036.
Read Analysis →A data-driven accounting of every dollar the federal government spent beyond its revenues in FY2024, and what it means for the debt trajectory.
The Congressional Budget Office's latest 10-year baseline reveals an accelerating fiscal gap driven by mandatory spending growth and rising interest costs.
New Budget & Deficit analysis published daily at 7am PST. Articles appear here automatically after publishing.
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