Federal debt to hit $1.5 Trillion this year;
U.S. Rep. Frank Guinta to hold Debt Ceiling Roundtable
to discuss fiscal options and alternatives
The Congressional Budget Office announced Wednesday that the U.S. debt will hit a disturbing $1.5 trillion dollars this year. That creates a serious problem: Washington will run out of cash this spring; without additional money, the U.S. will be forced to default on its loans for the first time in American history. If the nation’s debt ceiling is raised, the bills will be paid, but our country will sink even deeper into debt. If the government defaults on its loans, that could trigger a serious financial crisis.
U.S. Representative Frank Guinta will hold a Debt Ceiling Roundtable in Manchester with local business leaders, banking executives, economists and others. He wants to hear their views on how this problem impacts people here in New Hampshire, and how it should be addressed.
WHO: U.S. Representative Frank Guinta (R, NH-01)
WHAT: Debt Ceiling Roundtable
WHEN: Tuesday, February 1, 3:00-5:00 p.m.
WHERE: Room 12, UNH Graduate School, Manchester Campus
400 Commercial Street Manchester, NH