Pushing the limit: The National Debt Clock already registered $16.9 trillion on Tuesday, with no end in sight
U.S. Debt Jumps A Record $328 Billion — Tops $17 Trillion For First Time -- Washington Times
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.
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Update: Surprise! Debt-ceiling deal gives Obama a blank check: Loophole will allow government to spend WITHOUT LIMIT until February -- Daily Mail
My Comment: Not surprising .... other countries are starting to worry.
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