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With increased expenditures and decreased tax revenues, the debt owed by the US federal government is expected to exceed the GDP of the US in 2021, according to a government analysis.On Wednesday, the Congressional Budget Office released the updated figures showing that the federal government’s debt is projected to be 104% of the size of the economy in fiscal year 2021. 2021 is expected to be the first time since 1946 that the amount of debt is larger than the size of the economy.The CBO’s projection shows that the debt is expected to remain larger than the size of the economy through the upcoming decade.For several decades following World War II, the amount of debt the US owed relative to the size of the economy decreased, bottoming out in 1974 at 23%. The US debt began increasing in the 70s and 80s as balanced budgets became more of an exception. The last time the US had a balanced budget was in 2001. While the US debt burden decreased for most of George W. Bush’s presidency, it began to skyrocket amid the last recession.The CBO says that while 2020 saw a slight decline in revenue, the year saw a massive increase in government spending amid the coronavirus pandemic.To see the full analysis, click here. 1231
When it's one hundred degrees in Washington D.C., it's hard to get outside to do anything. But for supporters of the late Congressman John Lewis, the opportunity to pay respects to the civil rights icon is worth the sweat. "We knew before coming out here that the heat index would be 105," Lenora Simpson said. "He never stopped, he never gave up, he was always fighting," Simpson added. "I always tell my grandchildren if it wasn’t for the pioneers we don’t know where we would be," Simpson added. Simpson, like so many men and women lining up outside the U.S. Capitol, never met Lewis. They just know his legacy as a fighter for equality. 27 year-old Joshua Maxey, however, did meet Lewis five years ago during an interview. He stood in line Monday thinking of the advice Lewis gave the man. "[He said] now it’s your time, It’s your generations time to pick up the mantle, obviously those words are still stuck with me today," Maxey said. 949
White House senior adviser Jared Kushner's family real estate group obtained business loans after Kushner met with the company heads in his official government capacity, The New York Times reported Wednesday.According to the Times, Kushner met with Joshua Harris, one of the founders of Apollo Global Management, on multiple occasions while advising the Trump administration on infrastructure policy, three people familiar with the meetings said.The topic of a job at the White House was also brought up, though never materialized. In November 2017, Apollo's real estate group lent Kushner Companies 4 million to refinance the mortgage of a Chicago skyscraper. The size of the loan, according to the Times, was triple the size of their average property loan. 775
When it comes to holidays and cookies, it seems most people in the United States are fans of peanut butter and sugar cookies.Instagram recently released a map showing what holiday cookie is the most popular in each state and peanut butter and sugar cookies were the clear favorites - with each cookie being named the most popular in 10 states. 351
When it comes to saving lives, seconds count. And now, thanks to improving technology, drones are proving to be a game changer in an emergency.Dozens of people’s lives were saved last year with the help of drones, according to drone maker DJI. The company said from May of 2017 to April of 2018, 65 people were rescued with the help of a drone. DJI reviewed media reports to come up with that number and included documentation in its recent report released this year.Firefighters, search and rescue teams and other members of law enforcement are using drones to survey an area much faster from the air than people can on the ground.“During a search and rescue operation we can see body temperature, Romeo Durscher, DJI’s Public Safety Integration Director, said.Drones carry more than simple cameras. They are now built to send back infrared images.Aeryon Defense USA, of Denver, has drones that can carry upwards of four pounds of payload. The company sells drones that can be used by police agencies and the military."That allows you to hook in a medical kit, radio, food, water (or) ammunition to provide life sustaining equipment," said Mark Holden of Aeryon Defense USA. “We can carry water, enough for one day, food, even ammunition resupplies and some explosives as well.”The company’s drones can also be programed to single out a person moving in the camera’s view, but ignore a tree blowing in the wind or wildlife.“This is just the beginning. Everything we do is about taking the load off the end user. We want to replace human functions on the battlefield with a robot,” Holden said.Drones have helped find a woman with dementia in Randolph County, North Carolina. She had wandered into a nearby field. Drones dropped a life preserver to flood victims in Sichuan, China before rescue crews arrived to save the victims. An infrared camera-equipped drone located a crash victim who became unconscious after leaving his car to get help. A similar camera also was used to locate lost tubers on a river in Vestavia Hills, Alabama.Technology allows drones to carry more weight than before. In the last one-and-a-half to two years, drone makers have improved how drones fly in difficult weather conditions."Search and rescue operations rarely happen on a beautiful, no wind kind of day so we had to design them to withstand the snow, the wind, and the rain,” Durscher said.They can help save the lives of rescuers too."You know what's ahead of you. It can alert you of a big cliff or flooded river,” Durscher said.Drones used by most rescue agencies run as much as ,000 to ,000. 2642