
US GDP (1998 dollars): $2,557.50 billion
Federal spending: $504.03 billion
Federal debt: $829.5 billion
Median Household Income(current dollars): $16,461
Consumer Price Index: 72.6
Unemployment: 5.8%
Consumer Price Index: 72.6
Unemployment: 5.8%
Cost of a first-class stamp: $0.15
August 25, 1979: "My Sharona" by The Knack hits #1 on the Billboard charts. This is the first time in over a year that a song hits #1 that isn't either a disco song or a ballad. It remains at #1 for 8 weeks.