![]() Zidar said the debt “should encourage us to consider some tax policies that almost passed through the legislative process but didn’t get enough support,” like imposing higher taxes on the wealthy and closing the carried interest loophole, which allows money managers to treat their income as capital gains. The Federal Reserve has raised rates several times this year in an effort to combat inflation. Owen Zidar, a Princeton economist, said rising interest rates will exacerbate the nation’s growing debt issues and make the debt itself more costly. dollar.Īnd while President Joe Biden has touted his administration’s deficit reduction efforts this year and recently signed the so-called Inflation Reduction Act, which attempts to tame 40-year high price increases caused by a variety of economic factors, economists say the latest debt numbers are a cause for concern. government’s ability to borrow - the debt numbers hit an already tenuous economy facing high inflation, rising interest rates and a strong U.S. Treasury report released Tuesday that logs America’s daily finances.Įdging closer to the statutory ceiling of roughly $31.4 trillion - an artificial cap Congress placed on the U.S. Black Mississippians are more likely to have heart disease, hypertension, diabetes and obesity than other segments of the population.WASHINGTON (AP) - The nation’s gross national debt has surpassed $31 trillion, according to a U.S. The population is three times more likely to catch the virus and twice as likely to die from it, according to data from John Hopkins University. Preexisting medical conditions also play a large role. Masks still required.īlack Americans, who make up more than 80% of Jackson's population, have been disproportionately affected by the virus. Mayor lifts restrictions: Jackson mayor lifts most coronavirus restrictions. It's a more heavily-populated area, so there are several reason for why we continue to take it seriously." "The population is already at a higher risk. "Jackson is different than many other cities," Turner said. In April, Jackson doctor Justin Turner, who meets with the mayor and other health officials twice a month, said the task force had not discussed the possibility of lifting the mandate due to the vulnerability of the population to the virus. In recent months, DeSoto County has surpassed Hinds County and now leads the state in total coronavirus cases. However, Hinds still leads the state in the number of deaths from the virus. Since the first case of the virus was reported in Mississippi last year, the county has seen 416 COVID-19-related deaths as of May 17, according to health department data. Jackson has been under the mandate since early July. Lumumba, who oversees the largest city in the state, was one of the first Mississippi mayors to issue a citywide mask mandate. Lumumba quickly pushed back and said he has the authority to issue more restrictive policies at the city level while warning that the pandemic still remains a threat. Reeves instead encouraged a voluntary approach to wearing a facial covering. The governor cited a decrease in infections and hospitalizations across the state as the reason for his decision. Tate Reeves lifted a mask mandate across the state on March 3. The mayor's recent decision comes two and a half months after Gov. Jackson has been under a mask mandate since July Last week, however, Lumumba did lift restrictions on capacity and hours of operation for all Jackson businesses. About 32% of the population has received two shots, with over 156,000 doses administered in Hinds. As of Monday, about 37% of the population in Hinds County has received one dose of the vaccine, according to the state health department. ![]()
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