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Story summary
- The Peter G. Peterson Foundation reports that 90% of Americans worry about the $38 trillion debt and link it to inflation and borrowing costs.
- The Fiscal Confidence index fell to 48, and 79% prioritize debt reduction.
- The U.S. Congress Joint Economic Committee calls debt levels immoral and warns of threats.
- Interest payments on the national debt now exceed military spending, underscoring the need for fiscal consolidation.