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Story summary
- The Peter G. Peterson Foundation warns the United States will lose 1.2 million jobs by 2035 and up to 3.6 million by 2075 if debt keeps rising.
- The federal government recorded $857 billion in net interest on public debt for the fiscal year, about $8 billion each week.
- EY’s QUEST analysis projects real pay will fall 0.6% by 2035, 3% by 2055, and 5.3% by 2075 versus a baseline.
