Joe Biden and Kevin McCarthy reportedly closing in on a deal that would include fewer cuts than at first proposed, reports sayHowever the latest debt ceiling standoff is resolved, a recent government report underscores that the United States is on an unsustainable path when it comes to accumulating debt and budget deficits.The Government Accountability Office reported earlier this month that America’s public debt will soon be growing at a faster pace than the economy, and within a decade exceed its peak reached in the aftermath of World War II. If nothing is changed by 2051, the debt could grow to more than twice the size of the economy. Continue reading...
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