Thursday, 17 November 2011 08:10 'The US national debt, expanding at an alarming pace, has officially exceeded USD 15 trillion as lawmakers struggle to find a way to slash government spending. At the current rate, the US national debt, which topped the USD 15 trillion mark on Wednesday afternoon, is calculated to go beyond USD 23 trillion in 2015, the Associated Press reported. The total amount of debt is now roughly 99 percent of what was projected for 2011. Two-thirds of the debt is held by the public, with the deficit reaching nearly USD 48,000 for every person in the US.'
Thursday, 17 November 2011
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