The deficit-reduction deal that the House approved Monday might allow Washington to narrowly avert a self-inflicted fiscal disaster, but it does not get to the root of the nation’s long-term debt problem, according to economists and independent budget experts. The deal struck by the White House and congressional leaders to raise the debt limit would cut deficits by at least $2.1 trillion over 10 years.
Fiscal Analysts See Debt-limit Deal As Missed Opportunity To Fix Real Problems
Michael A. Fletcher, Washington Post: Business
Mon, 08/01/2011 - 6:36pm
BING NEWS:
- Can the US manage its escalating debt without triggering a fiscal crisis?
"The US is running [a] very large deficit for a country with a strong demand, and they still have to deal with the last ... has manifested in repeated debt limit standoffs and last-minute ...
04/25/2024 - 1:01 am | View Link - Powell: ‘The US is on an unsustainable fiscal path’
But Fitch Ratings downgraded the U.S. credit rating from “AAA” to “AA+” in August, citing the increasing burden of the national debt and repeated partisan standoffs over the debt limit.
02/4/2024 - 11:29 am | View Link - More
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