Saturday, October 19, 2013

U.S. debt jumps $300 billion — tops $17 trillion for first time

Stephen Dinan
Washington Times
Oct. 18, 2013

U.S. debt jumped more than $300 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 is an all-time record, shattering the previous high of $238 billion set two years ago.

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