US EditionState officials urge Trump, Congress to address national debt
State and local governments hold over $6.1 trillion in debt, with unfunded pensions and healthcare liabilities making up 40%, impacting budgets and taxpayer costs, Reason Foundation reports.
- Indiana Governor Mike Braun and state officials urged Congress and President Donald Trump to address the national debt before the 250th anniversary of the Declaration of Independence on July 4, 2026.
- The letter emphasizes that the federal government's debt of $38 trillion restricts spending on critical programs like Social Security and Medicare.
- State Comptroller Elise Nieshalla mentioned that passing a balanced budget is necessary, as the national debt and deficit spending pose significant challenges.
- Moody's downgraded the U.S. credit rating, indicating that federal budget proposals do not address the growing national debt after over two decades of deficit spending.
44 Articles
44 Articles
InsideNoVA.com
State officials urge Trump, Congress to address national debt
(The Center Square) – Indiana Gov. Mike Braun and a coalition of state financial officers and lawmakers are urging Congress and President Donald Trump to address the national debt crisis before the nation's 250th birthday.
Trujillo and Campbell: State and local governments drowning in debt
The national debt recently surpassed $38 trillion, but America’s debt crisis isn’t limited to the federal government. Less well known is that, nationwide, state and local governments now hold more than $6.1 trillion of their debt.
China Steadies US Treasury Exposure as Debt Balloons Over $38 Trillion - Coin Surges
While China’s holdings of U.S. Treasuries ticked up slightly in August and September, the broader outlook for 2025 remains unchanged. China continues a steady retreat from U.S. debt instruments amid concerns about its growth. China’s U.S. Treasury Figures Hold Steady, Overall ‘Derisking’ Policy Continues The Facts The figures of U.S. Treasuries held by China have […] Read Entire Article The post China Steadies US Treasury Exposure as Debt Balloo…
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