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E.J. Antoni: U.S. national debt climbs to $39.582 trillion

E.J. Antoni: U.S. national debt climbs to $39.582 trillion
U.S. national debt reaches new high

E.J. Antoni highlights that the U.S. national debt has reached a new record high of $39.582 trillion, increasing by $63 billion from the previous day.

Antoni also points out that interest payments on the debt are rising rapidly, and criticizes additional spending by Congress on welfare programs and military expenditures.

Antoni has previously commented on labor market trends, noting that the ADP private payroll four-week moving average dropped to 19,750 per week for the period ending June 27. He has also reported that U.S. import prices rose 0.3% in June, driven largely by a 44.1% annual increase in fuel costs. These data points provide additional context to his ongoing coverage of U.S. economic indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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