CBS News reports that the "latest posting today of the National Debt shows it has topped $14 trillion for the first time. The U.S. Treasury website today reported that as of last Friday, the last day of 2010, the National Debt stood at $14,025,215,218,708.52. It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31. It also means the debt is fast approaching the statutory ceiling $14.294 trillion set by Congress and signed into law by President Obama last February."
Read "18 Scary US Debt Facts" at CBS Money Watch by visiting http://moneywatch.bnet.com/economic-news/blog/financial-decoder/18-scary-us-debt-facts/2824/?tag=contentMain;contentBody
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Tuesday, January 4, 2011
National Debt Reaches Unprecedented High Of $14 Trillion
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