In light of Moody’s recent downgrade of the U.S. credit rating—joining S&P and Fitch in stripping the federal government of its AAA status —Truth in Accounting reiterates its longstanding concerns about the nation's fiscal health. For the seventh consecutive year, our Financial State of the Union report has assigned the federal government an “F” grade, reflecting a deep-seated financial burden. (fb)

The Peter G. Peterson Foundation’s Solutions Initiative 2024 deserves recognition for elevating the national conversation around fiscal sustainability. Bringing together diverse think tanks showcases a spectrum of ideas for tackling deficits and reducing debt. Yet despite its breadth, the Initiative fails to address a foundational issue: the truth about our government’s financial condition. (fb)