The Federal Reserve, Public Debt, and the Impact of Monetary Policies on the US Economy on Nostr: Interest Costs on the National Debt Surpass Defense and Medicare Spending ...
Interest Costs on the National Debt Surpass Defense and Medicare Spending
===============
#16cb443d ver:0.13
Interest costs on the US national debt have surpassed spending on defense and Medicare, reaching $514 billion in the first seven months of fiscal year 2024. Rising debt will continue to drive up interest rates, making interest expenses the second-largest line item in the budget. The national debt has quadrupled in the past decade, reaching over $34.5 trillion. President Biden has approved $4.8 trillion in borrowing, defending the spending while boasting about cutting the deficit. The Federal Reserve's low interest rate policy since the 2008 financial crisis is being reevaluated due to inflation, rising debt, and government spending. #NationalDebt #InterestCosts #FederalReserve #USBudget...
#newstr #FederalReserve #UsEconomy #PublicDebt #InterestCosts #DefenseSpending #Medicare
https://here.news/story/16cb443d?ver=0.13Published at
2024-05-17 17:05:24Event JSON
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"content": "Interest Costs on the National Debt Surpass Defense and Medicare Spending\n===============\t\n#16cb443d ver:0.13\n\nInterest costs on the US national debt have surpassed spending on defense and Medicare, reaching $514 billion in the first seven months of fiscal year 2024. Rising debt will continue to drive up interest rates, making interest expenses the second-largest line item in the budget. The national debt has quadrupled in the past decade, reaching over $34.5 trillion. President Biden has approved $4.8 trillion in borrowing, defending the spending while boasting about cutting the deficit. The Federal Reserve's low interest rate policy since the 2008 financial crisis is being reevaluated due to inflation, rising debt, and government spending. #NationalDebt #InterestCosts #FederalReserve #USBudget...\n\n#newstr #FederalReserve #UsEconomy #PublicDebt #InterestCosts #DefenseSpending #Medicare \n\n https://here.news/story/16cb443d?ver=0.13",
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