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US National Debt on "Unsustainable Path," Federal Reserve Chairman Says
US National Debt on "Unsustainable Path," Federal Reserve Chairman Says
Sputnik Africa
US National Debt on "Unsustainable Path," No One Knows "How Much Further It Can Go," Federal Reserve Chairman Says 17.04.2025, Sputnik Africa
2025-04-17T10:20+0200
2025-04-17T10:20+0200
2025-04-17T13:39+0200
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US National Debt on "Unsustainable Path," No One Knows "How Much Further It Can Go," Federal Reserve Chairman SaysThe largest federal expenses are currently Medicare, Medicaid, Social Security, and interest payments, all of which are on the rise, and something needs to be done about it, Jerome Powell noted."We're running very large deficits at full employment, and this is a situation that we very much need to address," the Federal Reserve chairman added.Despite the federal debt already surpassing a record $36.2 trillion, the US is planning to raise the debt ceiling once again, according to Treasury Secretary Scott Bessent.
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US National Debt on "Unsustainable Path," No One Knows "How Much Further It Can Go," Federal Reserve Chairman Says
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US National Debt on "Unsustainable Path," No One Knows "How Much Further It Can Go," Federal Reserve Chairman Says
2025-04-17T10:20+0200
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sputnik africa, international, united states (us), north america, debt, reserves, finance, us treasury, economy
sputnik africa, international, united states (us), north america, debt, reserves, finance, us treasury, economy
US National Debt on "Unsustainable Path," No One Knows "How Much Further It Can Go," Federal Reserve Chairman Says
The largest federal expenses are currently Medicare, Medicaid, Social Security, and interest payments, all of which are on the rise, and something needs to be done about it, Jerome Powell noted
."We're running very large deficits at full employment, and this is a situation that we very much need to address," the Federal Reserve chairman added.
Despite the federal debt already surpassing a record $36.2 trillion, the US is planning to raise the debt ceiling once again, according to Treasury Secretary Scott Bessent.
