Page 248 - குடியரசு ப்ரெஸிடெஂட் டொனால்ட் துருப்பு News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Pelosi presses Trump to sign bill avoiding government shutdown before Monday
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Venezuela resumes direct oil shipments to China despite US sanctions
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COVID-19 Pandemic Sends National Debt to Highest Level Since World War II
On 12/23/20 at 6:15 PM EST
The coronavirus pandemic has roiled the markets, tossed most fiscal assumptions to the wind and driven the national debt to the highest level since World War II, as the government spent heavily to support the economy.
The U.S. Treasury Department s final report for fiscal year 2020 showed a record $3.1 trillion deficit for the year, with debt held by bondholders totaling $21 trillion.
The Congressional Budget Office (CBO) estimated that federal debt this year will total 102% of Gross Domestic Product (GDP) the value of all goods and services produced in a year. But the CBO s estimate may be optimistic. Preliminary figures peg this year s federal debt at about 136% of GDP.
Gavin Newsom names California’s first Latino U.S. senator to replace Kamala Harris [The Sacramento Bee]
Dec. 22 California Gov. Gavin Newsom has appointed Secretary of State Alex Padilla as Vice President-elect Kamala Harris’ successor in the U.S. Senate, making him the first Latino from California to fill the role in the state’s 170-year history.
Newsom’s historic appointment comes after a coalition of Latino progressive groups pressed for Newsom to appoint Padilla, or another Latino, to represent California, where Latinos make up 40% of the population.
“Through his tenacity, integrity, smarts and grit, California is gaining a tested fighter in their corner who will be a fierce ally in D.C., lifting up our state’s values and making sure we secure the critical resources to emerge stronger from this pandemic,” Newsom said in a statement. “He will be a Senator for all Californians.”
Exclusive: Venezuela resumes direct oil shipments to China despite U S sanctions
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