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Government watchdog: US debt is unsustainable


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The ever-growing federal debt is on an unsustainable path and requires swift action from Congress, according to a new report from the Government Accountability Office.

The study, which was sent to President Barack Obama and congressional leaders, said the federal government is “highly leveraged in debt by historical norms and on an unsustainable long-term fiscal path caused by a structural imbalance between revenue and spending.” – READ MORE

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