Washington, DC–BPC President and CEO Margaret Spellings issued the following statement about the growth of the national debt beyond the $36 trillion mark and the need to prioritize bipartisan action to stabilize the country’s fiscal outlook:

“The national debt will surpass $36 trillion this week, marking a sobering moment for our nation’s fiscal health and demanding urgent action to restore fiscal responsibility before this enormous debt further impacts hardworking Americans. Interest on the debt is now the second largest annual expenditure of the federal government. Our debt is a bipartisan creation that requires bipartisan solutions.