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Lawmakers discuss deficit-to-GDP target as ‘starting point’ for fiscal sustainability

— U.S. House lawmakers Thursday discussed a proposed framework for reducing federal deficits and slowing the growth of the national debt.

The federal debt surpassed $39 trillion on March 17 and continues to climb. Over the past year, it has grown by an average of more than $7 billion per day or over $5 million per minute, and budget deficits are the primary driver of its staggering rise. Budget def…

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