Congress faces two appropriations deadlines in March. Lawmakers will need to a pass a new spending bill to continue federal government funding and avoid a shutdown. Currently, the total national debt is approaching $35 trillion and it is projected to jump to $48.3 trillion by the end of 2034, according to the CBO.
The Committee for Responsible Federal Budget released an analysis that shows interest on the U.S. national debt is on pace to become the “second largest” federal government expenditure and the “fastest growing” part of the federal government’s annual budget.
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