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The federal government’s rapid approach toward the statutory debt ceiling is affecting consideration of virtually every other policy issue, from highway funds to the State Department budget to Social Security and other entitlements. Cato scholars are closely tracking the latest developments in the debt ceiling negotiations between President Obama and Republicans in Congress. Check this page regularly for the latest analysis and commentary on the topic.

Must Read

Debt Debate: A Pox on Both Parties by Jeffrey A. Miron Some Austerity by Michael D. Tanner
Armageddon On or After Aug. 2 Not Very Likely by Jagadeesh Gokhale Principles for Lasting Federal Budget Reforms by Jeffrey A. Miron
Two Trillion Isn't Enough by Tad DeHaven Defaults, Debt Ceilings and the 14th Amendment by Robert Levy
Bankrupt: Entitlements and the Federal Budget by Michael D. Tanner Budgetary Savings from Military Restraint by Benjamin H. Friedman and Christopher A. Preble


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The Cato Institute is a non-profit public policy research foundation headquartered in Washington, D.C. and is America's leading voice for individual liberty, free markets, limited government and peace. To maintain its independence, the Cato Institute accepts no government funding, and depends solely on tax-deductible contributions from Sponsors who share our commitment to a free and prosperous society.