With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the Congressional lame duck session. Instead, lawmakers should begin making progress on the debt either by enacting savings or implementing process reforms.
The recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal Year (FY) 2024. The Monthly Treasury Statement...
Marc Goldwin is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He wrote an opinion piece for the Los Angeles Times, an excerpt of which is below...
