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GDP, inflation, recession, national debt, federal budget

Posted on AllSides January 26th, 2024
From The Right

The federal government’s debt grew more than twice the amount that the economy did in the fourth quarter of 2023, as measured by gross domestic product (GDP).

Real GDP showed above-trend growth in the fourth quarter of 2023, rising 3.3% year-over-year, equating to a $328.7 billion increase to the U.S. economy, according to the Bureau of Economic Analysis (BEA). In contrast, the federal government held nearly $33.17 trillion in debt at the end of the third quarter of 2023, which jumped to just over $34 trillion by the end of the year, equating to an over...

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