Debt matters. The US economy is already at risk of a fiscal crisis from the unsustainable federal budget deficits and outsized debt. Inflation and rising interest costs now make servicing that debt even more costly and will stunt out the economy’s ability to invest and grow, crowd out its ability to fund our national priorities, as well as the government’s capacity to respond to threats and contingencies, and to prepare for the future. How did we get here, why should businesses care about it, and what can we do to course correct to fiscal and economic growth and stability?

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