Budget Experts Urge Congress: No New Borrowing for Remainder of 2022
Today budget experts from the Committee for a Responsible Federal Budget, Concord Coalition, Progressive Policy Institute, and R Street Institute sent a letter calling on Congress and the Administration to take one step towards fiscal responsibility by agreeing not to engage in new borrowing for the rest of 2022. With government funding set to expire on December 16, and inflation at a 40-year high, the letter states borrowing to pay for a year-end package would be the wrong thing to do for the well-being of our economy.
The letter may be found below:
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