WASHINGTON, Dec. 20 -- The House Financial Services Committee issued the following testimony by Brian Riedl, senior fellow in budget, tax, and economic policy at the Manhattan Institute for Policy Research, at a hearing entitled "Peril of an Ignored National Debt":

"Good morning Chairman Hensarling, Ranking Member Waters, and Members of the Committee. Thank you for inviting me to participate in today's hearing.

"My name is Brian Riedl. I am a Se . . .

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