Expected

Because of the economic effects of the COVID-19 pandemic and the resulting monetary policy response, interest rates on short-term Treasury securities were near ...

Increases in interest rates on Treasury securities exacerbate the deficit and require more money to be put towards servicing the debt. In May, the Congressional Budget Office (CBO) projected that the interest rates on 3-month Treasury bills (a measure of short-term rates) and 10-year Treasury notes (an indicator of long-term rates) would rise to 0.9 percent and 2.4 percent in 2022 and eventually peak in 2025 and 2028 respectively. (That estimate holds inflation, GDP, and other economic variables constant.) Under those assumptions, interest spending would grow to 3.4 percent of GDP in 2032, more than the historical high of 3.2 percent (which occurred in 1991). [CBO released an updated report in November](https://www.cbo.gov/publication/58844#_idTextAnchor010CBO) including three-month rate and federal funds rate expectations for 2023 and 2024. However, the fiscal insecurity of the nation is clear even apart from increases in interest rates beyond CBO expectations. The increase in the federal funds target signals an effort to slow down the economy by making borrowing costs more expensive, reducing demand of borrowing among banks and other financial institutions. Because of the economic effects of the COVID-19 pandemic and the resulting monetary policy response, interest rates on short-term Treasury securities were near zero for the past couple of years and rates on longer-term securities were historically low — thereby restraining interest payments on the national debt. Therefore, when Treasury yields increase, the cost for the federal government to finance its debt rises as well These updated projections are much higher than May 2022’s projections for 2023 and 2024 rates, which were just 2.0 percent in 2023 and 2.5 percent in 2024 for three-month rates and 2.4 percent and 2.6 percent for the federal funds rate in the same years respectively. When the Treasury refinances the government’s debt or issues more debt, they borrow at the current interest rate. Interest rates on Treasury securities are rising faster than most economists anticipated earlier in the year, with potentially serious consequences for the nation’s fiscal position. Other forecasters, such as Wells Fargo, projected that 3-month Treasury bills would rise to 3.0 percent and 10-year Treasury bills to 3.4 percent by the end of 2022.

The Central Anatolia Region is expected to witness snowfall on the weekend, especially in the capital Ankara, the Turkish state Meteorological Service has ...

26],” the meteorologist added. 25 and that the weather will be clear, adding that rain and sleet will be observed in the Marmara, Central Anatolia and the Black Sea regions. Meanwhile, prominent meteorologist Orhan Şen also stated that precipitation is not expected until Dec.

Murray River forecast to peak in coming days as 241mm of rain falls on Timber Creek in the Northern Territory in 24 hours.

Motorists are advised to reconsider driving on the Victoria and Stuart highways. They included a 74-year-old woman who was washed 60m off a bridge and rescued from the roof of her car. It means less people being displaced,” Malinauskas told reporters. “It means less homes being inundated. “We have got a welfare response underway, so we’re assessing food and shelter needs,” Fyles told reporters. Thousands of residents in South Australia’s Riverland region are on high alert, with the rising Murray River forecast to peak in the coming days and thousands of properties expected to be inundated in coming weeks.

The River Murray flood is expected to peak in Renmark in the next 48 to 72 hours, with hopes water levels will be lower than first predicted.

- The peak water flow through the Riverland is expected to be at the low range of predictions The River Murray flood is expected to peak in Renmark in the next 48 to 72 hours — either on Boxing Day or early on December 27 — with hopes water levels will be lower than first predicted. River Murray flooding expected to peak on Boxing Day and be at low range of predictionsBy

Thousands of houses in South Australia are expected to be inundated in floods with the state emergency services (SES) issuing an emergency alert for the ...

As the situation worsens it may not be safe to go, or your road to safety may be underwater. These higher levels have raised the River Murray to Major Flood and the river will remain at these high levels for some weeks," the SES said in a statement on Friday. The SES said people living in the warning area should prepare for flooding.

CANBERRA, Dec. 24 (Xinhua) -- The premier of the Australian state of South Australia (SA) has warned flooding in the state's Riverland region could peak at ...

As a result, the river is expected to peak at a level higher than the 1931 flood levels but lower than the 1956 flood event -- one of the biggest disasters in SA history. SA Premier Peter Malinauskas on Saturday told reporters that the flow of the River Murray is expected to peak at approximately 190 gigaliters of water per day over the next week, which is at the lower level of projections, before falling to about 100 gigaliters by February. 24 (Xinhua) -- The premier of the Australian state of South Australia (SA) has warned flooding in the state's Riverland region could peak at the highest level in more than 60 years.

Wilson has started the past two games due to Mike White's rib injury, but Chris Streveler being the third quarterback on the Jets roster to look better than ...

[Mike White's](/nfl/players/2072143/mike-white/) rib injury, but [Chris Streveler](/nfl/players/3157672/chris-streveler/) being the third quarterback on the Jets roster to look better than Wilson apparently spoke volumes to the franchise. [Per Fox Sports' Jay Glazer](https://twitter.com/NFLonFOX/status/1606701262627536899), the Jets are expected to move on from Wilson this offseason. 2 overall pick [Zach Wilson](/nfl/players/2960892/zach-wilson/) has not shown the kind of progress expected from a second-year signal-caller, and was benched for the second time in a month during New York's embarrassing 19-3 loss to the [Jacksonville Jaguars](https://www.cbssports.com/nfl/teams/JAC/jacksonville-jaguars/) on Thursday night.

With only 15 touchdown passes through 22 career starts, the results just haven't been there for the quarterback the Jets drafted No. 2 overall 20 months ago to ...

Even before Wilson is offloaded, the Jets will have to start making quarterback plans of their own for 2023. The earliest he can become a free agent, aside from a release, is after the 2024 season. Whether the return will be anything of real value is a separate question. The Jets are no stranger to dealing a first-round quarterback before the end of his rookie contract, as they traded Sam Darnold to Carolina three years after drafting him third overall. "Expect the Jets to move on from him after this season," If Zach Wilson's future with the Jets wasn't in question before, it is now.

The New York Jets are likely to part ways with quarterback Zach Wilson in the offseason as he continues to struggle in his second season, according to Jay.

"Expect the Jets to move on from him after this season." New York would be left with a $20.8 million dead cap hit if it releases him in the offseason, although the number would drop to $11.5 million with a trade, per He returned to the field in Week 4 and led the Jets to four straight wins, although he threw only one touchdown in this time. Wilson is the only Jets quarterback under contract for next season. Across nine games this season, Wilson has six passing touchdowns with seven interceptions and a 72.8 passer rating. "They've lost all confidence in Zach Wilson," Glazer reported.

The Jets drafted Wilson with the No. 2 pick in the 2021 NFL draft, and gave him the starting quarterback job immediately that season. However, Wilson has ...

The Jets drafted Wilson with the No. [Jets](https://www.si.com/nfl/team/new-york-jets) have benched quarterback [Zach Wilson](https://www.si.com/college/college-football/player/zach-wilson) multiple times this year, with the latest coming during Thursday night’s loss to the Jaguars. It was Wilson’s second game since being reinserted as the starter following his previous benching in favor of Mike White.