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 The U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio sitting at around 120%.US national debt interest exceeds defense spending: CBO
303,000 Jobs Created in March
CBO reports grim long-term outlook for federal government
The U.S. Economy Is Booming, But Only for a Few
275,000 Jobs Created in February
that 275,000 were created in FebruaryJamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security
ECONOMYadmin.ws2018-06-13T20:28:50-05:00
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