The Latest
Congressman Schweikert's Daily Debt Monitor
National Debt Update Over the past 365 days, the total national debt has increased by $2.459 trillion. Debt held by the public has increased by $2.244 trillion over the same period (Nov 3 2022 - Nov 3 2023), while intragovernmental debt has grown by $215.261 billion. That equates to a per second...
October 2023 Employment Situation Staff Commentary
KEY TAKEAWAYS At 8:30am, BLS announced that in Oct: Establishment Survey: The U.S. added 150k nonfarm jobs w/ gains in healthcare (58k), government (51k), and social assistance (19k) but saw declines in manufacturing (-35k) due to the auto strike. Of those jobs, 99k were private sector vs. t...
National Debt Update
Over the past 365 days, the total national debt has increased by $2.472 trillion. Debt held by the public has increased by $2.252 trillion over the same period (Nov 2 2022 - Nov 2 2023), while intragovernmental debt has grown by $220.859 billion.
National Debt Update -- All Tricks, No Treats
All Tricks and No Treats in today’s update.! The total national debt ended the first month of Fiscal Year 2024 at a staggering $33,699,580,339,128.40, less than $20 million shy of $33.7 trillion. During the one-month old fiscal year the total national debt has increased by $532,246,294,405.39 ...
National Debt Update
Over the past 364 days, the total national debt has increased by $2.437 trillion. Debt held by the public has increased by $2.204 trillion over the same period (Oct 31 2022 - Oct 30 2023), while intragovernmental debt has grown by $233.527 billion.
National Debt Update & Note on Interest Expenses
Over the past 365 days, the national debt has increased by $2.418 trillion or at the rate of roughly $77,000 per second or more than the median income of U.S. Households. An Observation on Interest on the National Debt – What is it really? When Treasury released its final Monthly Treasury Stat...
National Debt Monitor
On October 26, the national debt increased by $2,557,647,962.20, or $2.6 billion. Over the past 365 days it has increased by $2.424 trillion. Publicly held debt has increased by $2.284 trillion.
PCE Inflation September 2023
At 8:30am, BEA announced that in Sep: Real DPI (disposable personal income) fell by 8bps m/m. While incomes rose, prices rose faster. Nevertheless, real PCE (personal consumption expenditures) rose by a strong 38bps m/m. A large component of higher consumption spending has b...
Daily Debt Monitor
Total national debt has increased by more than $2.4 trillion over the past 365 days.
Q3 2023 GDP Release
BEA announced that in Q3: • The economy expanded at a rapid pace. Real GDP growth printed at 4.9% vs. 2.1% in Q2. o The print beat the expectations of professional forecasters. The Blue Chip consensus was 3.5%. o However, the print fell slightly short of the 5.4% nowcast from the Atlanta Fed’s GD...
