Representatives Peters and Huizenga Urge House Leadership to Adopt Fiscal Reforms Amidst Rising National Debt
Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), co-chairs of the Bipartisan Fiscal Forum, have sent a letter to House Speaker Mike Johnson (R) and Minority Leader Hakeem Jeffries (D). They are urging House leadership to incorporate their proposed fiscal reforms into upcoming legislation. This call to action comes as the national debt has surpassed $40 trillion, with annual interest payments now exceeding $1 trillion. The lawmakers highlighted that the U.S. borrows nearly $2 trillion annually to cover financial obligations such as Medicare, Medicaid, veterans’ benefits, and Social Security. Their letter emphasizes that the current fiscal trajectory is unsustainable and necessitates immediate, bipartisan action to prevent severe consequences for the economy, national security, and American families. The Bipartisan Fiscal Forum, launched in 2023, has garnered participation from over 90 members of Congress from both parties, indicating broad support for addressing the nation's fiscal challenges.