President, Committee for a Responsible Federal Budget; commentator on federal budget, debt, and fiscal policy
The US has passed $40 trillion in total public debt, the Treasury has reported, driven by large pandemic-era and recent spending and tax changes. Interest payments have risen sharply and are now a larger budget item than many programmes. Treasury officials argue growth can be managed by stronger economic growth and fiscal consolidation.
Across three major outlets, reporting highlights rising national debt, mounting deficits, and the political consequences as lawmakers grapple with tax reform, spending limits, and entitlement pressures amid a shrinking policy space.