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Romina Boccia Below are abbreviated remarks I delivered before the US Joint Economic Committee on March 12, 2024. Read my full testimony “The Fiscal Situation of the United States.” Watch my testimony at 1:12:19–1:17:25 with responses to member questions at 1:31:45–1:32:54, 2:11:25–2:12:20, and 2:32:23–2:33:31. Chair Martin Heinrich, Vice

Chris Edwards President Biden’s new federal budget proposes high spending and huge deficits for years to come. The deficits are expected to boost government debt held by the public from $28 trillion this year to $45 trillion by 2034. The budget baseline—which excludes Biden’s proposed policies—shows slightly