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What is the United States Fiscal Responsibility Act? - New Space Economy

Summary by New Space Economy
The United States Fiscal Responsibility Act stands as a legislative response to ongoing concerns about the country’s growing national debt and the management of government spending. This law is designed to impose structured limits on federal expenditures and establish a framework for controlling the debt ceiling, providing a legal mechanism for addressing fiscal pressures while attempting to maintain essential government services.
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New Space Economy broke the news in on Friday, May 2, 2025.
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