Momentum builds for special commission to tackle $34T in US debt ...Middle East

The Hill - Technology

Momentum is building in Washington for a special commission to tackle the nation’s nearly $34 trillion debt, but the idea is drawing mixed reviews from some lawmakers amid skepticism of its chances of success in a divided Congress. Members across Congress have been pressing for a fiscal commission aimed at exploring ways to reduce the nation’s debt, particularly as Washington feuds over how the government should be funded for most of next year. “The urgency to actually establish a commission to look at our spending and taxing has increased dramatically since Simpson-Bowles made an effort a decade ago,” Sen. Mitt Romney (R-Utah) told The Hill this week, referring to the Obama-era fisca

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Last updated : 29 Nov 2023 clock 02:12 PM

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Momentum builds for special commission to tackle $34T in US debt ...Middle East

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