US: Government Borrowed Nearly $1.1 Trillion In First Half of 2024 Fiscal Year
The US Treasury Department has reported that the United States borrowed $1.07 trillion in the first six months of fiscal year 2024. The figure was reported in the Department’s latest Monthly Treasury Statement released on Wednesday.
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US Economy Exceeds Expectations in 3rd Quarter; However, Income Numbers Paint a Different Picture
According to the Bureau of Economic Analysis’ second estimate on Wednesday, real U.S. gross domestic product (GDP) grew by 5.2% in the third quarter of 2023. However, the figures are somewhat skewed, as the real gross domestic income (GDI) rate only increased by 1.5%, indicating that the U.S. economy only expanded moderately.
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Report: Economic recession coming for the U.S.
A new economic analysis of the U.S. economy projects a recession around the corner.
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U.S. Credit Rating Downgraded to ‘Negative’ Amid Soaring National Debt
Moody’s Investor Service changed its assessment of the U.S. credit rating from stable to negative, citing the ballooning national debt as an underlying factor.
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