America's New Fiscal Trap

Jul 18, 2025 - 00:01
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America's New Fiscal Trap
In a post-midnight vote along party lines, bleary-eyed Republican members of Congress passed a tax-and-spend bill that will define America's fiscal reality for decades. In their rush to strike a deal by Independence Day, GOP lawmakers reassembled the architecture of federal finance in ways that lock the United States into a Sisyphean future where balancing the budget will become a political impossibility.