Republican Senators and White House Resume Talks on a Plan to Fix the Debt

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The Campaign to Fix the Debt is Hopeful the Talks will Kick off a Formal Negotiations Process

On August 29, a group of Republican Senators will resume talks with White House aides to seek consensus on a long-term deficit-reduction plan, according to the New York Times. The Campaign to Fix the Debt, a nonpartisan movement asking lawmakers to work together on legislation large enough to stabilize and reduce the national debt as a share of the economy, expressed its support for the talks.

“The Campaign to Fix the Debt is encouraged that the White House and a group of eight Republican Senators are continuing their fiscal discussions. Hopefully, given the narrow timeframe before some sort of agreement on fiscal policy is necessary, these talks will kick off a formal negotiating process,” said Maya MacGuineas, who, in addition to leading the Campaign to Fix the Debt, is the President of the Committee for a Responsible Federal Budget, a bipartisan organization focused on educating the public on issues related to fiscal policy.

“In an ideal world, these discussions will lead to a comprehensive agreement that will address the sequester, the Continuing Resolution, the debt ceiling, and put the national debt on a downward path relative to the economy. Short of that, there are smaller deals that our elected leaders could consider that would get us over the upcoming fiscal speed bumps and put in place a real process for fiscal negotiations to continue in earnest.

“While there are no guarantees that the resumed talks will lead to an agreement over such sensitive fiscal issues, the alternative of not negotiating would be an abdication of duty. We encourage the negotiators – as well as Congressional leadership from both sides of the aisle – to move to specifics and bring about the economic stability and policy certainty a comprehensive, long-term fiscal reform agreement could deliver,” continued MacGuineas.

Members of the Campaign to Fix the Debt come from a broad range of social, economic, and political perspectives with the belief that America's growing debt burden threatens our future, and that we must address it now. The Campaign mobilizes key communities – including leaders from business, government, and policy – and people all across America who want to see elected officials step up to solve our nation's fiscal challenges.

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For more information about the Campaign to Fix the Debt, please visit http://www.fixthedebt.org.

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Jon Romano
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