The debt management plan is really a repayment plan.

It's not easy, and it is confusing for consumers.

It's a debt management tool.

The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year.

If creditors handle this appropriately, there could be more people helped with debt management programs - but they will need that break on principal,

We absolutely have to give the Debt Management Office the power to deal with the huge change in demand. There will be a substantial change in policy.