The national debt now stands at more than $38 trillion. The tariff revenue we rake in is just a drop in the bucket compared to that amount.

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

As the government borrows more and more it makes it more expensive for U.S. consumers to borrow money for mortgages, cars, and more.

The Fed has been shrinking its pile of securities and Treasurys, but it still needs them to keep the economy’s plumbing in order.

Though the stock market has held up, the yield on the 10-year T-note has been falling over the last couple days.

The bond market reflects where investors think the economy is headed, long-term.

Recent spending cuts to rural safety net programs have some bracing for financial hardship, in light of what they went through during the Great Recession.

A lack of predictability and stability is putting the dollar’s “exorbitant privilege” at risk.

The program is supported by the vast majority of Americans, but, unless changes are made, it will start running out of money to pay full benefits in 2033.

But not enough to balance the budget.