{"id":871403,"date":"2024-10-29T10:40:42","date_gmt":"2024-10-29T05:10:42","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=871403"},"modified":"2024-10-29T10:40:42","modified_gmt":"2024-10-29T05:10:42","slug":"elon-musk-declares-financial-emergency-whats-behind-the-35-trillion-time-bomb-us-is-said-to-be-facing","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/29\/elon-musk-declares-financial-emergency-whats-behind-the-35-trillion-time-bomb-us-is-said-to-be-facing\/","title":{"rendered":"Elon Musk declares \u2018financial emergency\u2019: What\u2019s behind the $35 trillion \u2018time bomb\u2019 US is said to be facing"},"content":{"rendered":"<p>Tesla CEO Elon Musk has raised alarm over what he calls a &#8220;financial emergency&#8221; as U.S. government interest payments now exceed $1 trillion annually, surpassing the entire Defense Department budget.<br \/>\nSpeaking at a recent Trump campaign rally, Musk highlighted that interest payments now consume 23% of all federal tax revenue, as the national debt has ballooned to $35.7 trillion. Bank of America analysts project the debt could reach $36 trillion by year&#8217;s end, with increases of approximately $1 trillion every 100 days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla CEO Elon Musk has raised alarm over what he calls a &#8220;financial emergency&#8221; as U.S. government interest payments now exceed $1 trillion annually, surpassing the entire Defense Department budget. Speaking at a recent Trump campaign rally, Musk highlighted that interest payments now consume 23% of all federal tax revenue, as the national debt has ballooned to $35.7 trillion. Bank of America analysts project the debt could reach $36 trillion by year&#8217;s end, with increases of approximately $1 trillion every 100 days.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-871403","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/871403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=871403"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/871403\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=871403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=871403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=871403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}