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National Finances

All articles tagged with #national finances

politics2 years ago

"Romney and Manchin Propose Commission to Stabilize US Debt"

Senators Mitt Romney and Joe Manchin have introduced a bill to create a bipartisan commission aimed at stabilizing the US national debt. The proposed commission, consisting of lawmakers and outside experts, would produce a report by May 2025 outlining specific steps to stabilize the debt-to-GDP ratio and improve federal trust fund solvency. The bill has garnered support from a group of senators across party lines. Critics argue that a debt commission is unnecessary and could jeopardize programs like Social Security, while fiscal conservatives see it as an opportunity to address the country's fiscal challenges.