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Search Results: keywords:"national debt"

  • The Debt-to-GDP Transparency and Stabilization Act (H.R. 6957) aims to make it a requirement that the President's annual budget submission to Congress, as well as any concurrent budget resolutions, include information on the ratio of public debt to the estimated gross...

    Simple Explanation

    The Debt-to-GDP Transparency and Stabilization Act (H.R. 6957) is a big rule that says the President must tell the people in charge of money how big the country's debt is compared to the size of everything we make, called GDP, every year. This helps them know if the country’s borrowing is too much or just right.

  • H. RES. 1493 is a resolution introduced in the House of Representatives during the 118th Congress, strongly criticizing Vice President Kamala Harris for supporting policies believed to increase the national debt and undermine energy independence in the United States. The resolution points out...

    Simple Explanation

    A group in the U.S. House of Representatives is upset with Vice President Harris because they think her ideas for the environment might make the country owe more money and buy more energy from other countries. They want to say out loud that they don't like her plans.

  • S. RES. 600 is a resolution passed by the Senate recognizing the national debt as a serious threat to the United States' national security. As of January 2024, the national debt exceeded $34 trillion, with significant implications on fiscal policies and increased interest expenses potentially...

    Simple Explanation

    The Senate made a plan saying the big amount of money the United States owes is making it hard to keep the country safe. They want to fix the way they spend money to make sure it doesn't become a big problem.

  • H. R. 9504 seeks to amend the Help America Vote Act of 2002 by requiring that ballots used in federal elections include information about the national debt. Specifically, each ballot must display the total gross federal debt for the three most recent fiscal years, as...

    Simple Explanation

    The bill wants to add a rule that says when grown-ups go to vote, they should also see numbers showing how much money the country owes (national debt) from the last three years written on the voting paper.

  • H.R. 6927 establishes a commission to address the national debt and propose fiscal reforms. The commission, composed of 16 Congressional members with fiscal expertise, must identify strategies for maintaining a sustainable public debt-to-GDP ratio, improve long-term solvency of federal trust...

    Simple Explanation

    This bill wants to gather a group of smart government people to find ways to keep the country's money problems under control, and they have to share their ideas with other leaders by the end of the year.