This is Garrison Hardie with your CrossPolitic Daily News Brief for Wednesday, November 8th, 2023. 
 
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https://www.breitbart.com/economy/2023/11/07/bloomberg-u-s-debt-interest-bill-soars-past-1-trillion-a-year/
 
Bloomberg: U.S. Debt Interest Bill Soars Past $1 Trillion a Year
 
The combination of high levels of debt and higher interest rates has pushed the annualized interest cost of government debt past $1 trillion, an analysis from Bloomberg showed Tuesday.
 
This amounts to a doubling of interest costs over the past 19 months, according to Bloomberg. It is the equivalent of 15.9 percent of the Federal budget for fiscal year 2022.
 
The worsening metrics may reignite debate about the US fiscal path amid heavy borrowing from Washington. That dynamic has already helped drive up bond yields, threatened the return of the so-called bond vigilantes and led Fitch Ratings to downgrade US government debt in August.
 
“There will be further increases to Treasury coupon auctions and T-bills outstanding going forward,” Bloomberg Intelligence strategists Ira Jersey and Will Hoffman wrote in a research note. “Besides deficits of over $2 trillion in the foreseeable future, climbing maturities following the increase of issuance from March 2020 will also need to be refinanced.”
 
The Congressional Budget Office estimates that the cumulative deficit for the 2024–2033 period will total $20.2 trillion, or 6.1 percent of GDP. Deficits are expected to be at least 5.5 percent of GDP every year for the coming decade. Since 1973, the federal government budget deficit has averaged 3.6 percent of GDP.
 
https://dailycaller.com/2023/11/07/van-jones-biden-retire-2024-election-drop-out/
 
‘It’s Time’: CNN’s Van Jones Says Biden Needs To Consider Retiring
 
CNN’s Van Jones said Tuesday that President Joe Biden needs to consider retiring following a poll from The New York Times/Siena College.
 
The Sunday poll found president Donald Trump leading Biden by a substantial margin in five out of six key swing states. Biden holds a slight edge within the margin of error over Trump in Wisconsin.
 
Jones argued Biden is in a tough position. Video Plays
 
Several pundits have questioned whether Biden should drop out of the race, with CNN’s David Axelrod saying the president needs to decide whether staying in the race is “in his best interest or the country’s.”
 
Director of Defending Democracy Together Bill Kristol posted on X that Biden needs to make an act of “personal sacrifice.”
 
“It’s time. President Biden has served our country well. I’m confident he’ll do so for the next year. But it’s time for an act of personal sacrifice and public spirit. It’s time to pass the torch to the next generation. It’s time for Biden to announce he won’t run in 2024,” Kristol wrote.
 
https://hotair.com/karen-townsend/2023/11/07/future-darwin-award-winner-tried-to-target-jewish-children-in-americas-midwest-n590580
 
Future Darwin