• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump urged by ‘fiscal responsibility’ group to show he’s ‘serious’ about $36T debt

by March 4, 2025
written by March 4, 2025

Ahead of President Donald Trump’s congressional address on Tuesday night, the Concord Coalition launched their new ‘fiscal responsibility’ advocacy group, Concord Action, designed to pressure Congress to tackle America’s $36 trillion debt crisis.  

Former Rep. Carolyn Bourdeaux, D-GA, the new executive director and president, in an exclusive interview with Fox News Digital urged Trump to show he is serious about tackling America’s debt crisis. 

‘I’d like to hear that he’s really serious about putting everything on the table and putting together an effort that reaches out,’ Bourdeaux said. ‘He really needs to reach across the aisle. We know that to get the budget done, just on an annual basis, it does require Democrats to be involved. This needs to be a bipartisan effort.’

Bourdeaux, a Democrat who worked with Republicans during the Great Recession to balance Georgia’s state budget, said Trump needs to lead a ‘bipartisan effort’ that goes ‘line by line’ through the nation’s spending. 

‘It needs to be a thoughtful effort,’ Bourdeaux added. ‘It does need to tackle the waste, fraud and abuse, but anyone who is serious about balancing the budget knows that is not enough. We really have to go line by line through all the different programs that we do, including the mandatory spending, and look at places where we can find savings and efficiencies. And we also have to put the tax side on the table as well.’

The economy was the top issue for American voters in 2024, as four in 20 voters said inflation was the most important factor in their vote, according to 2024 Fox News Voter Analysis. Voters reported a negative view of the economy, with almost two-thirds rating the economy as not good, 40%, or downright poor, 24%. 

‘I know people approach this with a sense of despair, but it can be done. Back in the 1990s, I was actually a congressional staffer at the time. We did balance the budget. We did get together. It was done on a bipartisan basis. You know, Clinton was the president, but the House was Republican, at times the Senate was Republican. They got together, and they got it done. We really need to replicate that process again,’ Bourdeaux said. 

Bourdeaux said if America has balanced the budget before, then it can be done again. When former President Bill Clinton took office, the national debt was over $4 trillion, according to U.S. Treasury data. Republicans and Democrats worked across the aisle to achieve budget surpluses through legislation like the Balanced Budget Act of 1997.

Bourdeaux said she wants to hear a real plan from Trump on Tuesday night. 

‘Right now, even getting to balance. Nobody has a plan. Nobody has anything serious on the table right now. We need to set up what that plan is going to be and then start executing it,’ Bourdeaux added.

Deputy White House press secretary Harrison Fields responded in a statement to Fox News Digital, ‘Since day one, President Trump has prioritized government efficiency, proper stewardship of taxpayer dollars, and the goal of signing a long overdue balanced budget. The Trump Administration is committed to ending the mindless spending of foreign wars, woke ideology, and unnecessary government programs that don’t serve the American people.’ 

Trump’s plan to slash federal spending is anchored in Elon Musk’s leadership of the Department of Government Efficiency (DOGE). Trump signed an executive order on Inauguration Day establishing DOGE ‘to maximize governmental efficiency and productivity.’ The Trump administration has since directed government agencies to comply with DOGE’s departmental investigations. 

According to the official DOGE website, the department has estimated $105 billion in savings, attributed to contract cancelations, workforce reductions, improper payment deletions and other regulatory changes. DOGE has drawn the praise of many Republicans and the protest of several Democrats for its aggressive action to dismantle government waste. 

DOGE has inspired government officials at the city, state and federal level to prioritize efficiency, from San Francisco ordering employees back to the office, to the Environmental Protection Agency locating its own $20 billion in wasteful spending. 

Sens. Pete Ricketts, R-NE, and Jacky Rosen, D-NV, introduced a new bipartisan bill last week that would require the annual presidential budget to include data on improper payments to federal agencies. Rep. Dan Meuser, R-PA, announced the Payment Integrity Information Reform Act to target overpayments by the federal government on the House side as well. 

A Senate DOGE Caucus was established in November 2024 by Sen. Joni Ernst, R-IA., ‘to identify and eliminate government waste’ and works closely with Musk’s DOGE to ‘promote fiscal responsibility.’ The House also established the Delivering Outstanding Government Efficiency Caucus to support DOGE through legislative action. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
EU weighs $840 billion plan to ‘rearm Europe’ after US pauses Ukraine aid
next post
‘She’s really this dumb’: House Dem ripped after calling Trump ‘enemy of the United States’

related articles

Senate stalls on shutdown vote amid warning furloughed...

October 7, 2025

Senate Republicans confirm more than 100 Trump nominees...

October 7, 2025

Trump meets former Hamas hostage Edan Alexander on...

October 7, 2025

Government limps deeper into shutdown crisis with no...

October 7, 2025

Cruz clashes with Nigeria over his claims 50,000...

October 7, 2025

House committee withdraws James Comey subpoena for Jeffrey...

October 7, 2025

Biden didn’t want intel disseminated showing Ukrainian concerns...

October 7, 2025

Oct 7 anniversary: Netanyahu finds unlikely ally amid...

October 7, 2025

Trump slams Democrats for ‘shutting down’ government, demands...

October 7, 2025

Hawley rips Jack Smith’s ‘Biden’s Stasi’ probe, calls...

October 7, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Defunding DEI: Here’s how the Trump administration has undone Biden’s very prized programs

    April 27, 2025
  • Meta brings eBay to Facebook marketplace: a bold new test for tech giant?

    January 9, 2025
  • Top House committees accuse Dem fundraising giant of facilitating ‘bad actors’ in bombshell DOJ letter

    May 7, 2025
  • Opinion: Look to outer space for Trump’s Greenland playbook ambitions amid Russia, China Arctic advances

    February 6, 2025
  • Trump won’t wait for Senate confirmations to shake up State Department: source

    January 17, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,285)
  • Investing (634)
  • Stock (936)

Latest Posts

  • Trump says ‘we need Greenland for international safety and security’ ahead of Vance trip

    March 27, 2025
  • KeyCorp shares surge 18% as Scotiabank invests $2.8 billion: What this means for both banks

    August 12, 2024
  • How a $5 million fix turned Paramount Pictures’ ‘Sonic’ into a billion-dollar franchise

    March 4, 2025

Recent Posts

  • Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries

    August 15, 2024
  • Americans agree with Trump that Iran poses threat to United States: poll

    June 21, 2025
  • Watchdog group sues for NASA emails with ‘Space Czar’ Harris, Boeing as astronauts linger in orbit

    September 17, 2024

Editor’s Pick

  • Trump says Walz ’embarrassed himself’ compared to Vance’s ‘brilliance’ at VP debate

    October 2, 2024
  • Morning Glory: Top 10 lessons from the landslide

    November 12, 2024
  • Dollar stores are struggling to win over bargain hunters — here’s why

    December 4, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock