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‘We owe it to the next generation’ to get national debt under control, says think-tank boss, as U.S. borrowing hits $1.2 trillion in just six months

Posted on April 10, 2026
By Fortune
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‘We owe it to the next generation’ to get national debt under control, says think-tank boss, as U.S. borrowing hits $1.2 trillion in just six months

"We can fight over who got the worst end of the shortest stick, but we clearly are doing a disservice to anybody participating in the economy in the future," Michael Peterson, CEO of the Peterson Foundation, tells Fortune.