U.S. Borrowing Reaches $5 Billion a Day as Interest Costs Surpass Defense and Medicare Spending
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#16cb443d ver:0.22
U.S. borrowing hits $5 billion/day as interest costs surpass defense and Medicare spending. Rising prices and high debt burden are challenging the economy, impacting low-income minorities. Inflation erodes consumer confidence, with credit card balances at a record high. The U.S. public debt stands at over $34 trillion, and the budget deficit is expected to reach $1.5 trillion in 2024. The Biden administration borrowed $1.2 trillion in 8 months, with interest costs surpassing defense spending. Urgent action needed to rein in spending and reduce fiscal deficits. #USDebt #Inflation #EconomicChallenges...
#newstr #UsEconomy #DebtBurden #Inflation #InterestRates #Prices #ConsumerConfidence #CreditCardBalances #PublicDebt #BudgetDeficit #FederalReserve #JeromePowell #JamieDimon #RayDalio #UsBorrowing #InterestCosts #DefenseBudget #Medicare #SocialSecurity
https://here.news/story/16cb443d?ver=0.22
The Federal Reserve, Public Debt, and the Impact of Monetary Policies on the US Economy /
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2024-06-10 22:02:12
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2024-06-10 22:02:12Event JSON
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"content": "U.S. Borrowing Reaches $5 Billion a Day as Interest Costs Surpass Defense and Medicare Spending\n===============\t\n#16cb443d ver:0.22\n\nU.S. borrowing hits $5 billion/day as interest costs surpass defense and Medicare spending. Rising prices and high debt burden are challenging the economy, impacting low-income minorities. Inflation erodes consumer confidence, with credit card balances at a record high. The U.S. public debt stands at over $34 trillion, and the budget deficit is expected to reach $1.5 trillion in 2024. The Biden administration borrowed $1.2 trillion in 8 months, with interest costs surpassing defense spending. Urgent action needed to rein in spending and reduce fiscal deficits. #USDebt #Inflation #EconomicChallenges...\n\n#newstr #UsEconomy #DebtBurden #Inflation #InterestRates #Prices #ConsumerConfidence #CreditCardBalances #PublicDebt #BudgetDeficit #FederalReserve #JeromePowell #JamieDimon #RayDalio #UsBorrowing #InterestCosts #DefenseBudget #Medicare #SocialSecurity \n\n https://here.news/story/16cb443d?ver=0.22",
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