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The Center for Media and Democracy says Fix the Debt — a key unit in philanthropist Pete Peterson's corps of organizations to battle the national debt — is a well-funded, pro-business enterprise. A Fix the Debt spokesman scoffs at the claim.

Preschool is just one example of the ways in which President Obama says government can play a constructive role in the economy. He's trying to reorient the debate in Washington from deficit reduction alone to wise investment.

Wonks from across the political spectrum look at the upside of the cliff.

National ad campaigns, star-studded Broadway rallies, and a pig with a tiny mustache. How the government got citizens to fund wars.

Featuring a giant sailing ship, bad bonds and the law of the sea.

If the mayor and City Council can't agree on a plan to reduce the budget deficit, state officials are poised to take away their power over Detroit's purse strings. The mayor and the council blame each other for the impasse. And with the deficit deepening, residents' frustration continues to mount.

Weekend Edition Saturday host Scott Simon talks to Michigan Rep. Hansen Clarke about the city of Detroit's financial situation. The city is facing the possibility of municipal bankruptcy as its debt becomes insurmountable.

The 81-year-old former senator busts some moves (sort of) in a video that tells young people to press their elders for a solutions to the nation's debt and deficit problems.

See how much Americans owe, what they're borrowing money to pay for, and how much of each paycheck goes to pay off debt.

The U.S. government may soon owe more money to Japan than it owes to China. Here's what that means for the U.S., China, and the rest of the world.