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$40 Trillion Debt Puts Fiscal Commission Back in Congressional Spotlight
Witnesses urged Congress to consider a bipartisan deficit panel as interest costs climb and the government adds $1 trillion to debt every five months.
- House Budget Committee members met in Dallas to discuss creating a bipartisan fiscal commission focused on the national debt and budget issues.
- Jodey Arrington said the national debt recently exceeded $40 trillion, while interest costs continue to rise.
- Representatives Bill Huizenga and Scott Peters proposed legislation to establish the bipartisan commission.
- The hearing generally supported forming the commission as a way to address the nation’s fiscal challenges.
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18 Articles
18 Articles
The Guam Daily Post+14 Reposted by 14 other sources
$40 trillion debt puts fiscal commission back in congressional spotlight
(The Center Square) – Members of the House Budget Committee convened offsite Monday in Dallas, Texas, to discuss the possibility of a bipartisan fiscal commission that would focus on addressing the national debt and budget issues.
House Budget Committee Holds Field Hearing on Fiscal Commission Legislation
On Monday, members of the House Budget Committee held a field hearing entitled “America’s Fiscal Future: Examining the Need for a Fiscal Commission” at the Old Parkland business campus in Dallas, Texas. Led by Committee Chair Jodey Arrington (TX), members heard from former Defense Secretary Leon Panetta, former Sen. Joe Manchin (WV), and former Sen. … Continue reading House Budget Committee Holds Field Hearing on Fiscal Commission Legislation →
Coverage Details
Total News Sources18
Leaning Left3Leaning Right3Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 23%
C 54%
R 23%
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