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:0.14
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 put upward pressure on interest rates, making interest payments 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 by $1.7 trillion. The Federal Reserve's low interest rate policy since the 2008 financial crisis is being reevaluated. #NationalDebt #InterestCosts #FederalReserve #USBudget...
#newstr #FederalReserve #InterestRates #PublicDebt #Budget #Spending
https://here.news/story/16cb443d?ver=0.14Published at
2024-05-17 18:59:32Event JSON
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"content": "Interest Costs on the National Debt Surpass Defense and Medicare Spending\n===============\t\n#16cb443d ver:0.14\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 put upward pressure on interest rates, making interest payments 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 by $1.7 trillion. The Federal Reserve's low interest rate policy since the 2008 financial crisis is being reevaluated. #NationalDebt #InterestCosts #FederalReserve #USBudget...\n\n#newstr #FederalReserve #InterestRates #PublicDebt #Budget #Spending \n\n https://here.news/story/16cb443d?ver=0.14",
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