The Federal Reserve, Public Debt, and the Impact of Monetary Policies on the US Economy on Nostr: The US Spends More on Debt Interest than Defense for the First Time in History ...
The US Spends More on Debt Interest than Defense for the First Time in History
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#16cb443d ver:0.15
The US Federal Reserve's biggest ever operating loss in 2023, due to higher interest rates, has resulted in the US spending more on debt interest than defense for the first time in history. Interest costs on the 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, crowding out private investment and lowering growth. The US is unlikely to default on its debt, but high deficits will lead to lower living standards. #USdebt #interestcosts #defense #economy...
#newstr #FederalReserve #InterestRates #PublicDebt #BudgetDeficits #DefenseSpending #Medicare #NationalDebt #EconomicGrowth
https://here.news/story/16cb443d?ver=0.15Published at
2024-05-23 20:59:56Event JSON
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"content": "The US Spends More on Debt Interest than Defense for the First Time in History\n===============\t\n#16cb443d ver:0.15\n\nThe US Federal Reserve's biggest ever operating loss in 2023, due to higher interest rates, has resulted in the US spending more on debt interest than defense for the first time in history. Interest costs on the 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, crowding out private investment and lowering growth. The US is unlikely to default on its debt, but high deficits will lead to lower living standards. #USdebt #interestcosts #defense #economy...\n\n#newstr #FederalReserve #InterestRates #PublicDebt #BudgetDeficits #DefenseSpending #Medicare #NationalDebt #EconomicGrowth \n\n https://here.news/story/16cb443d?ver=0.15",
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