Ninety state financial officials reportedly are calling on President Donald Trump and Congress to confront what they warn is a spiraling national debt crisis, urging Washington to adopt a comprehensive plan by July 4, 2026 — the nation’s 250th anniversary — to put the federal government on course for a balanced budget.
In a letter obtained by the New York Post, treasurers, state lawmakers, and governors — including officials from Arizona, Pennsylvania, Texas, and Indiana Republican Gov. Mike Braun — warned that with the national debt already surpassing $38 trillion, the United States is approaching what they called “a painful age of reckoning.”
“Without a decisive change in course, we will not only face a very painful day of reckoning, but a painful age of reckoning we never want to see,” the officials wrote, stressing that younger Americans need time to prepare for needed reforms, while seniors require reassurance that benefits will remain intact.
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