$296,524,000,000 Added To US Debt in One Month As JPMorgan Chase Issues Economic Alert - The Daily Hodl
The Daily Hodl
16 Sep 2023 1:55 AM
A seemingly unrelenting wave of debt is piling onto America’s balance sheet. New data from the U.S. Treasury Department show the federal debt increased by over $296.524 billion from August 8th to September 8th, reaching a total of $32.940 trillion....
- The U.S. federal debt has increased by over $296.524 billion from August 8th to September 8th, reaching a total of $32.940 trillion.
- JPMorgan Chase CEO Jamie Dimon warns that America's rapid rate of spending will have a significant impact on households.
- Congress is under pressure to pass a new budget before September 30th to avoid a government shutdown.
- A government shutdown could lower America's economic growth by 0.2% per week until a deal is reached.
The article highlights concerning issues regarding the increasing federal debt, warnings from Jamie Dimon, and the potential impact of a government shutdown. Overall, the sentiment is negative.
You May Ask
What is the current total federal debt in the United States?Who issued a warning about America's fiscal trajectory?What is the potential impact of a government shutdown on America's economic growth?What is the deadline for Congress to pass a new budget and avoid a government shutdown?How much did the federal debt increase from August 8th to September 8th?