Committee Considers Whether to Establish a Bipartisan Fiscal Commission to Balance the Federal Budget

Committee Considers Whether to Establish a Bipartisan Fiscal Commission to Balance the Federal Budget

The House Budget Committee held a hearing with members from both parties and chambers of Congress to discuss legislative proposals that would establish a bipartisan, bicameral fiscal commission with the goal of reducing the federal debt and improving fiscal sustainability. Members from both parties repeatedly emphasized the worsening deficit and interest levels and many highlighted Medicare and Social Security insolvency as one… (McClurg, November 29, 2023) #Budget