Both Parties Can Pick Up Late Support by Addressing the National Debt
Seven in ten voters from across the political spectrum say the record national debt will be an important factor in their vote for Congress in next week’s Midterm Elections, according to a new poll conducted by a bipartisan team of polling firms, Global Strategy Group and North Star Opinion Research.
The poll also found that candidates can pick up late support by showing they will work to address the $21.6 trillion national debt. The vast majority of voters want the next Congress to focus on fixing the debt, no matter which party wins majority control.
Michael Peterson, CEO of the Peter G. Peterson Foundation, joined Nightly Business Report to discuss how the public is ahead of their leaders in Washington when it comes to making progress on America’s fiscal challenges.
Video credit: Nightly Business Report
Further Reading
The Fed Held Its Target Range For the Fourth Meeting in a Row but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
The U.S. Dollar Is the World’s Reserve Currency. Why Does That Matter?
The country’s unsustainable fiscal outlook threatens to diminish the dollar’s standing, which would have damaging fiscal and economic consequences for the United States.
Delaying Fiscal Reform is Costly, Annual Treasury Report Warns
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.