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 Reduced the Short-Term Rate Again, but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
What Types of Securities Does the Treasury Issue?
Let’s take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
Quarterly Treasury Refunding Statement: Borrowing Up Year Over Year
Key highlights from the most recent Quarterly Refunding include an increase in anticipated borrowing of $158 billion compared to the same period in the previous year.