The U.S. national debt is spiraling out of control as Joe Biden continues to back a flurry of costly spending measures.
Congressional Budget Office
The Senate delayed the start of debate on the nearly $2 trillion coronavirus relief bill. The upper chamber was expected to vote on the massive package, which was pushed through by Democrats, on Wednesday.
The U.S. is nearing a fiscal meltdown amid a rising national debt and federal spending due to coronavirus lockdowns. The Congressional Budget Office said the national debt is on track to exceed the size of the U.S. economy this year.
A conservative caucus in the House has laid out plans on how to combat Joe Biden’s $1.9 trillion COVID relief bill. On Monday, the Republican Study Committee released a three-page memo to highlight “all the left-wing items Democrats are hoping the public won’t find out about.”