Wednesday, 25 November 2009

Moneynews

Breaking News from Moneynews.com

New York Times: U.S. Racing Toward Debt ‘Shock’
A page one, top-of-the-fold New York Times report warns that U.S. debt is rising so fast that the federal government is careening toward a "payment shock" in the not-too-distant future. The national debt now stands at over $12 trillion, and the White House estimates that the cost of servicing the debt will rise to more than $700 billion a year in 2019, up from $202 billion this year. Read the Entire Article — Go Here Now.

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