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I helped balance the federal budget in the 1990s – here's just how hard it will be for the GOP to achieve that same rare feat

  • Written by Linda J. Bilmes, Daniel Patrick Moynihan Senior Lecturer in Public Policy and Public Finance, Harvard Kennedy School
I helped balance the federal budget in the 1990s – here's just how hard it will be for the GOP to achieve that same rare featBill Clinton, at right, oversaw the first balanced budget since 1969, with some help from a bipartisan deal with Newt Gingrich.AP Photo/Doug Mills

Kevin McCarthy reportedly promised many things to Republican hardliners en route to clinching his job as speaker of the U.S. House of Representatives. One of them was a “balanced budget” in...

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