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

by
October 19, 2013

Treasury Bldg
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.

Under the law, that replenishing happens as soon as there is new debt space.

2 Comments - what are your thoughts?

  • Azcat85 says:

    Had to help pay off Sen McConnell for his chicken shit treason of the American taxpayer. Vote him and every other rino and dino out of office.

  • FloridaJim says:

    Doesn’t the jump of $328 billion on Thursday bother everyone? What numbers from Obama are believable?

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