America’s debt tops $34 trillion, but a commission to address it appears dead in Congress
Headline from Anchorage Daily News
Many Democrats and left-leaning advocacy groups oppose the commission because they fear it would recommend cuts to Social Security benefits.
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WASHINGTON (AP) — For Mike Johnson it was effectively a Day 1 priority. It’s well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt.
The collapse underscores an unyielding dynamic in Washington, with lawmakers in both parties loath unpopular tradeoffs that would be necessary to stem the nation's swelling tide of red ink – particularly in an election year.
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America’s debt tops $34 trillion, but a commission to address it appears dead in Congress | Since Then