The Impact of Long COVID on U.S. Defense Spending and the Growing Fiscal Challenges
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#271c2cbc ver:0.26

Lawmakers in the US are grappling with a widening budget deficit following massive pandemic spending. The deficit is projected to reach $2 trillion in 2024, increasing the debt's share of GDP. Defense spending may be impacted as net interest payments increase. Former Treasury Secretary Larry Summers suggests strengthening IRS enforcement to raise tax revenue. Harvard economist Karen Dynan calls for spending cuts and tax increases to stabilize the national debt. The US budget deficit poses a significant challenge to the economy, warns Maya MacGuineas. The Republican Party's platform no longer includes references to debt and deficits. The US fiscal position is vulnerable, and failure to address these issues could lead to more debt downgrades and higher borrowing costs. #USbudgetdeficit #fiscalchallenges...

#newstr #UsElection #Deficits #Debt #YieldCurve #GovernmentBorrowing #NationalDebt #FiscalSustainability #JoeBiden #DonaldTrump #Taxes #Spending #EconomicGrowth #InterestRates #TreasuryMarket 

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