With interest costs outpacing defense spending, this piece will help journalists understand the public debt and explain it to ...

What Democrats and the Biden administration did was to make the COVID crisis their baseline for spending and keep it there.

The average taxpayer’s piece of the $37-trillion federal debt is about $240,000, or six years of the median income.

But, the latest monthly Treasury statement delivered a rare — and welcome — surprise. In April 2025, the U.S. government ...