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Treasury Announces $49.8 Billion January Deficit
$7.2 Billion Greater Than Year Prior, $21.1 Billion In Interest Payments…
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$7.2 Billion Greater Than Year Prior, $21.1 Billion In Interest Payments…
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Erskine Bowles, President of UNC, and former Wyoming Senator, Alan Simpson, the co-chairmen of President Obama’s National Commission…..
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In March, the US government issued a massive amount of debt: $332.8 billion – the biggest amount ever since the all time record of $545 billion raised (most of it purchased by the Fed) during the apex of the financial crisis in October 2008. The US Treasury had $12.717 trillion in debt subject to limit … Continue reading