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02-05-2011, 02:47 AM | #1 |
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http://cnsnews.com/news/article/nati...er-1058-billio
National Debt Jumped Another $105.8 Billion in January Thursday, February 03, 2011 By Terence P. Jeffrey (CNSNews.com) - The federal debt increased by $105.8 billion ($105,835,837,302.32) in January, according to the the U.S. Treasury Department, jumping from $14.0252 trillion ($14,025,215,218,708.52) at the close of business on December 31 to $14.1311 trillion ($14,131,051,056,010.84) at the close of business on January 31. That means that in the first four months of fiscal 2011--which began on Oct. 1, 2010--the federal debt has increased by $569.4 billion ($569,428,025,119.05), keeping fiscal 2011 on track to be the second ranking year in U.S. history for an increase in the federal debt. The federal debt increased by $1.89 trillion in fiscal 2009, making that the top ranking year in the history of the United States for increased federal debt. In that fiscal year, Congress passed two extraordinary spending bills--the $700-billion Troubled Asset Relief Program legislation that President George W. Bush signed in October 2008, and the $787-billion stimulus legislation that President Barack Obama signed in February 2009 |
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