By East Arizona News |
May 1, 2024
U.S. Representative David Schweikert addressed the House Floor, highlighting concerns about the nation's economic performance and debt levels. Schweikert pointed out the disparity between the Bureau of Economic Analysis' estimate of 1.6% real GDP growth in the first quarter of 2024 and the Atlanta Fed's projection of 2.7%. He underscored the implications of high debt levels on interest rates, cautioning against unsettling the bond markets.Discussing the United States' debt situation, Schweikert noted, "The United States right now pays higher interest rates on a 10-year...