Bipartisan Budget Briefing a ‘Good Start’ for Cooperation on Debt Reduction

Bipartisan Budget Briefing a ‘Good Start’ for Cooperation on Debt Reduction
U.S. Speaker of the House Kevin McCarthy (R-Calif.) delivers remarks on the debt ceiling at the U.S. Capitol in Washington on Feb. 6, 2023. Saul Loeb/AFP via Getty Images
Lawrence Wilson
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Democrats and Republicans met for a rare joint briefing on March 8 to hear a briefing from the Congressional Budget Office on the outlook for the nation’s financial health.

The news, though sobering, was intended to form a common understanding of the facts that House Speaker Kevin McCarthy (R-Calif.) hopes will lead to bipartisan cooperation in attacking what he calls one of the greatest problems facing the country, the national debt.