‘Any semblance of fiscal responsibility’ has been abandoned, says budget watchdog, as national debt creeps toward $39 trillion milestone

The the Committee for a Responsible Federal Budget (CRFB) has blasted policymakers for abandoning “any semblance of fiscal responsibilty,” as well as disregarding loose targeting, to keep the U.S. federal budget in a balanced order.

With the national debt now outgrowing the size of the U.S. economy, budget watchdog the CRFB has renewed its call for lawmakers to set a target of borrowing against economic growth.

A push to anchor deficits to 3% of GDP has garnered bipartisan support in recent years...