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NEW - Iran's Foreign Minister Araghchi: "As long as the aggression and attacks continue, there is simply no room for talk of dialogue or diplomacy."
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NOW - Trump says "intelligence community is wrong" that Iran is not building nuclear weapons
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Shocking stat of the day:
Annual interest expense on US debt has reached $1.2 TRILLION over the last 12 months.
In other words, the US is now paying $3.3 BILLION in interest per day.
Annual interest expense has now surpassed health and defense expenditures by ~$300 billion.
Interest costs are also now the second-largest government expense, just ~$300 billion below Social Security.
As a result, interest payments reflect ~18% of all taxes paid, just shy of a record 19% seen in the 1980s when interest rates were as high as 19%.
Interest on federal debt is our biggest crisis.
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Annual interest expense on US debt has reached $1.2 TRILLION over the last 12 months.
In other words, the US is now paying $3.3 BILLION in interest per day.
Annual interest expense has now surpassed health and defense expenditures by ~$300 billion.
Interest costs are also now the second-largest government expense, just ~$300 billion below Social Security.
As a result, interest payments reflect ~18% of all taxes paid, just shy of a record 19% seen in the 1980s when interest rates were as high as 19%.
Interest on federal debt is our biggest crisis.
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JUST IN: 🇺🇸🇮🇷 President Trump says 'maybe it won't be necessary' for the United States to strike Iran
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IRAN FEEDS: "Large forces of the police were dispatched to the beach in Rishon Lezion after identifying a suspicious vessel."
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IRAN FEEDS: "The event in Roshaniec involves a suspicious drone.
There is no concern about infiltrating . "
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There is no concern about infiltrating . "
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The US labor market is deteriorating beneath the surface:
Full-time employment plummeted by 623,000 in May, posting the 4th largest monthly decline in 5 years.
This was also the 2nd monthly drop this year.
As a result, full-time employment's share of the labor force fell to 79%, the lowest since August 2021.
This ratio has been declining for 3 years now.
Declining labor intensity indicates softening demand for full-time workers.
Cracks in the US job market are becoming increasingly apparent.
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Full-time employment plummeted by 623,000 in May, posting the 4th largest monthly decline in 5 years.
This was also the 2nd monthly drop this year.
As a result, full-time employment's share of the labor force fell to 79%, the lowest since August 2021.
This ratio has been declining for 3 years now.
Declining labor intensity indicates softening demand for full-time workers.
Cracks in the US job market are becoming increasingly apparent.
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Media is too big
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IRAN FEEDS: "Trump a few hours ago: "I was supposed to receive the Nobel Peace Prize already four or five times.""
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