- Prison Planet.com - http://www.prisonplanet.com -

U.S. debt jumps a record $328 billion — tops $17 trillion for first time

Posted By admin On October 19, 2013 @ 6:55 am In Money Watch | Comments Disabled

Stephen Dinan
Washington Times [1]
October 19, 2013

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.

Full article here [1]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/u-s-debt-jumps-a-record-328-billion-tops-17-trillion-for-first-time.html

URLs in this post:

[1] Washington Times: http://www.washingtontimes.com/news/2013/oct/18/us-debt-jumps-400-billion-tops-17-trillion-first-t/

[2] US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling: http://www.prisonplanet.com/us-closes-2011-with-record-15-22-trillion-in-debt-officially-at-100-3-debtgdp-14-billion-from-breaching-debt-ceiling.html

[3] US Debt/GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase: Total Debt Now Over $15.1 Trillion: http://www.prisonplanet.com/us-debtgdp-hits-post-ww2-high-99-5-following-55-billion-overnight-debt-increase-total-debt-now-over-15-1-trillion.html

[4] Federal Debt Tops $14 Trillion, U.S. Treasury Reports: http://www.prisonplanet.com/federal-debt-tops-14-trillion-u-s-treasury-reports.html

[5] US Starts New Fiscal Year With $14.837 Trillion In Debt, $142 Billion Increase In Two Days: http://www.prisonplanet.com/us-starts-new-fiscal-year-with-14-837-trillion-in-debt-142-billion-increase-in-two-days.html

[6] It’s Official: Federal Debt Tops $16 Trillion: http://www.prisonplanet.com/its-official-federal-debt-tops-16-trillion.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.