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management noted that achieving this would be
document IMAGES-002-HOUSE_OVERSIGHT_014330.txt,expected to fall to the bottom line House Oversight Committee — Epstein Estate Records (Nov 2025)

management noted that achieving this would be

Expense Growth by Category: Entitlement Spending Growing Much Faster than
document IMAGES-006-HOUSE_OVERSIGHT_020956.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… GDP and overall expenses Defense 12 6 4 Defense spending grew 2 . . . percentage points below overall Non-Defense Discretionary 10 6 4 expenses Net Interest Payments ré 12 8 Total Federal Expenses 11% 5% 2% Real GDP 7% 3% 0% Note: All data are inflation adjusted using GDP...

due to adverse political, economic or other developments. These risks are magnified for investments
document IMAGES-004-HOUSE_OVERSIGHT_016803.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

due to adverse political, economic or other developments. These risks are magnified for investments made in emerging markets. Investments in a certain industry or sector may pose additional risk due to lack of diversification and sector concentration. There are special risks asso...