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Senate Budget Committee Issues Testimony From University of Pennsylvania Finance Professor Gomes
April 20, 2024
WASHINGTON, April 20 -- The Senate Budget Committee issued the following testimony by Joao Gomes, a finance professor at the University of Pennsylvania, involving a hearing on March 20, 2024, entitled "Recreation at Risk: The Nature of Climate Costs":

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The current projections for federal debt pose a major threat to the United States' position as a global beacon of financial prowess and stability. While government debt is a necessary tool for financing gov . . .

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