Racing Against the Clock: Inside the Congressional Push for a Bipartisan Fiscal Commission to Avert a US Debt Crisis
WASHINGTON — As the United States grapples with ballooning federal deficits, soaring debt-to-GDP ratios, and debt-service costs that now outstrip the nation’s entire defense budget, alarm bells are ringing on Capitol Hill. A recent House Budget Committee field hearing underscored a stark, uncomfortable reality: the nation’s fiscal trajectory is rapidly becoming unsustainable. Lawmakers, economists, and…
