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America One News
19 Oct 2024
#economy
Le Monde: The US presidential candidates' race toward rising debt
The U.S. faces a significant fiscal deficit, projected at 6.3% of GDP, with candidates Trump and Harris lacking viable plans to address it. Federal spending is at 23.3% of GDP, while revenues are only 17%. Both candidates may exacerbate the debt situation without corrective measures.
Concerns grow over rising national debt, which could reach 142% of GDP under Trump or 133% under Harris by 2035. Despite warnings of fiscal irresponsibility, previous crises have not led to immediate collapse, raising skepticism about the urgency of the current situation.
#technology
GB News: BT reveals location of next 900,000 traditional landlines to be switched-off in shift to broadband phones
Openreach, BT's infrastructure arm, has announced the halt of traditional copper landline sales in 79 new UK locations, affecting over 900,000 premises. The transition to broadband-powered "Digital Voice" is set to complete by January 31, 2027, extending the original deadline due to various issues.
This shift aims to modernize communication, offering clearer calls and advanced features. However, concerns remain about power outages affecting broadband service. Openreach emphasizes the need for this transition to improve efficiency and support future technological demands.