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U.S. weighs options to address $40 trillion debt burden
The government is preparing for a difficult period as it considers a range of policy choices to reduce the $40 trillion debt load.
MarketWatch reports that the U.S. government is planning a crackdown aimed at addressing a national debt level of roughly $40 trillion.
The outlet says Washington has multiple options available, but none are described as easy, signaling a potentially disruptive process for fiscal policy.
MarketWatch also characterizes the outlook as a wrenching time ahead as policymakers navigate tradeoffs tied to debt reduction efforts.