… Tops $17 Trillion For First Time

 

 

Debt Clock 10:19

As of this morning at 9:01 am EST

 

” U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.

The $328 billion increase shattered the previous high of $238 billion set two years ago.

The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.”

 

 

Debt Clock

As of October 15th

 

We knew our math skills were lacking but we didn’t think we would be this far off . Ouch !

 

 

 

 

 

 

 

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