The latest budget update from the nonpartisan Congressional Budget Office (CBO) found that the federal government has spent more on paying interest on the national debt than on the military in fiscal year 2024.
The U.S. Bureau of Labor Statistics reported that 303,000 jobs were created in the month of March with unemployment remaining at 3.8%
The Congressional Budget Office on Wednesday released a bleak outlook for the federal government with new projections that show debt levels will reach their highest levels ever in five years.
The US economy is booming except for the middle class who are being hammered by inflationary costs.
The US Bureau of Labor Statistics reported that the nationas unemployment rate rose to 3.9% and that 275,000 were created in February
The U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio sitting at around 120%.
The labor market started the year on a strong note as payroll growth in January once again tore past more modest expectations.
A midst the complex web of economic data and expert analysis, a glaring rift emerges between the perspectives of economists and the everyday experiences of Americans.
