‘The conflict in Iran demonstrates why we need to keep our national debt at a reasonable level’: think tank sees economic emergency around the corner

As U.S. and Israeli forces continue hammering Iranian targets for a second week, a prominent fiscal watchdog is sounding an alarm that has nothing to do with battlefield strategy: America’s soaring national debt may be its most dangerous vulnerability of all.

The Committee for a Responsible Federal Budget (CRFB), a nonpartisan Washington think tank, released a statement on Thursday warning that the ongoing military conflict with Iran has exposed the United States’ precarious fiscal position—and...