CNN — Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.

While the deficit is typically a concern during presidential election years, former President Donald Trump and Vice President Kamala Harris have unveiled pricey policies without detailing how they’d fully pay for the measures. Trump’s platform could hike the national debt by $7.5 trillion over a decade, while Harris’ package could increase it by $3.5 trillion [GUSNOTE: THIS CNN FIGURE IS CRAP... — IN RELATION TO THE PRESENT DEFICIT, THIS $3.5 TRILLION WILL BE A MINIMUM OVER TWO YEARS OR 17.5 TRILLION OVER 10 YEARS OR MORE THAN TWICE THE DEFICIT "PREDICTED" FOR TRUMP'S ADMIN], according to a recent analysis by the Committee for a Responsible Federal Budget.

Also, the continued fiscal imbalance could make it more difficult for Congress to reach a spending deal for fiscal year 2025 and to address the debt ceiling, which returns on January 2. Lawmakers reached a deal last month to fund the government until December 20, avoiding a shutdown.

https://edition.cnn.com/2024/10/08/politics/us-federal-budget-national-deficit/index.html#:

The unemployment rate in the United States fell to 4.1% in September 2024, the lowest in three months, down from 4.2% in the previous month and surprising market expectations, which had forecasted the rate to remain unchanged. The number of unemployed individuals decreased by 281,000 to 6.834 million, while employment levels increased by 430,000 to 161.864 million. Meanwhile, the labor force participation rate was steady at 62.7%, and the employment-population ratio increased to 60.2% from 60%. source: U.S. Bureau of Labor Statistics

 

 

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