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flag Lawmakers push a balanced budget amendment amid $38 trillion debt concerns.

flag U.S. lawmakers are advancing a proposal for a constitutional amendment requiring Congress to pass a balanced budget each year, driven by concerns over the nation’s $38 trillion debt and growing deficits. flag The push, fueled by rising interest payments and past spending increases from tax cuts, pandemic aid, and entitlement programs, aims to enforce fiscal discipline. flag While proponents argue it would prevent unsustainable debt and mimic state-level budget rules, critics warn it could limit emergency response flexibility and force harmful cuts to programs like Social Security and Medicare. flag The debate reflects deep partisan divisions over federal spending and economic policy, with no consensus on how to address long-term fiscal challenges.

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