The United States faces a growing national debt crisis, with projections showing a $1.9 trillion budget deficit this fiscal year and total deficits of $21.1 trillion over the next decade. Despite slightly improved forecasts, the debt is set to skyrocket to 118 percent of the U.S. economy by 2035, driven by the extension of tax cuts and potential new tax breaks under President-elect Donald J. Trump, along with cuts to IRS funding, putting the nation’s fiscal stability at risk.
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If You'd Invested $1,000 in Solana 5 Years Ago, Here's How Much You'd Have Today
Launched just 5.5 years ago, Solana (CRYPTO: SOL) has rapidly become the sixth-largest cryptocurrency, boasting a market cap exceeding $96 billion as of July 30. Its innovative proof-of-stake (PoS) mechanism, a response to the energy demands of Bitcoin's proof-of-work (PoW) system, has garnered significant investor interest due to its potential for scalability and efficiency. Want More Context? 🔎
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