
U.S. Treasury: FY 2025 Deficit Totaled $1.8 Trillion - AAF
Oct 17, 2025 · The U.S. Treasury released its final Monthly Treasury Statement for FY 2025, estimating a $1.8 trillion deficit for the year. The deficit was the net effect of $7.0 trillion of spending and $5.2 …
AAF - The American Action Forum
2 days ago · The American Action Forum injects forward-thinking ideas into the public debate that will build a better economic future.
Sizing Up Interest Payments on the National Debt - AAF
Oct 28, 2025 · The federal government spent $970 billion on interest payments on the national debt in FY 2025 - the equivalent of 19 percent of all federal revenue collections and roughly $7,300 per …
About - AAF
The American Action Forum (AAF), led by former Director of the Congressional Budget Office Douglas Holtz-Eakin, proudly leads the center-right on domestic economic and fiscal policy issues. It …
The Biden Regulatory Record - AAF
Jan 29, 2025 · EXECUTIVE SUMMARY According to the aggregated collection of self-reported estimates from federal agencies, the cumulative total of regulatory costs under the Biden …
The AAF Plan to Address the Nation's Debt Challenge - AAF
Oct 21, 2024 · The AAF plan includes sweeping policy changes to both the revenue and spending sides of the federal budget and would achieve the fiscal goal of roughly stabilizing debt-to-GDP within a …
Section 230 in the Era of Generative AI - AAF
Oct 16, 2025 · Executive Summary Generative artificial intelligence (Gen AI), which creates new content such as text and images from user prompts, raises questions about whether Section 230 of the …
What the U.S. Trade Deficit Really Means - AAF
Aug 6, 2025 · Executive Summary On April 2, 2025 – dubbed “Liberation Day” by the Trump Administration – the president signed an executive order declaring that the “large and persistent” …
Douglas Holtz-Eakin - AAF
6 days ago · Before founding AAF in 2009, Dr. Holtz-Eakin served in a variety of influential policy positions. During 2001-2002, he was the Chief Economist of the President’s Council of Economic …
Where Do FY 2026 Appropriations Stand? - AAF
Aug 26, 2025 · When Congress returns from its August recess on September 2, it will have just 28 days to complete work on the 12 full-year appropriations bills for FY 2026 or enact another continuing …