CED Calls on Presidential Campaigns to Address the Nation's Fiscal Crisis [Yahoo! Finance]
Annaly Capital Management Inc. (NLY)
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Source: Yahoo! Finance
center of The Conference Board, issued a letter to the presidential campaigns of Vice President Kamala Harris and former President Donald Trump . The letter sounds the alarm bells on the nation's proliferating national debt—and calls on both candidates to produce credible, detailed plans to avert the nation's debt crisis. To this point, neither candidate has discussed a plan for reining in the national debt—which now clocks in at $36 trillion . The letter comes against the backdrop of a nation at a fiscal tipping point—a moment of unprecedented economic peril which threatens both the government's ability to pay for policy priorities and long-term prosperity generally. It is signed by CED President David K. Young , and the Co-Chairs of CED's Fiscal Health Committee, David L. Finkelstein of Annaly Capital Management and Joseph E. Kasputys of Economic Ventures. As the letter reveals, the numbers are daunting: $36 trillion The amount of outstanding public debt the US has amassed.
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- 10/31/24 - Form 10-Q
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