Income 20 shillings, expenditure 20 shillings and sixpence, result misery: Federal Debt
Sunday, April 10, 2011
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Debt Jumped $54.1 Billion in 8 Days Preceding Boehner-Obama Deal to Cut $38.5 Billion for Rest of Year
By Terence P. Jeffrey
April 09, 2011
(CNSNews.com) - The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September.
The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7.
Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increased by $653.4 billion. cnsnews
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