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Thursday, August 18, 2016

U.S. ‘Debt Held by Public’ Tops $14,000,000,000,000; Up 122% Under Obama...

CNS News
August 17, 2016
The federal government’s “debt held by the public”—as opposed to its “intragovernmental debt”—has topped $14,000,000,000,000 for the first time in history, according to the latest numbers released by the U.S. Treasury.
As of the close business on Aug. 10, the “debt held by the public” was $13,987,862,462,404.79, according to the Treasury. By the close of business on Aug. 11, it had risen to $14,012,831,105,933.15. By close of business on Aug. 12, it had increased again, hitting $14,012,909,909,536.53.
U.S. Treasury’s “debt to the penny” calculator, showing the results so far for August 2016.
When President Barack Obama was inaugurated on Jan. 20, 2009, the federal government’s debt held by the public was $6,307,310,739,681.66.
Since then, it has increased by $7,705,599,169,854.87—or 122 percent.
U.S. Treasury’s “debt to the penny” calculator, showing the results for Jan. 20, 2009.
According to the latest publicly released numbers, foreign entities and the Federal Reserve own a combined $8,743,956,000,000 in U.S. government debt held by the public—giving them ownership of 62.4 percent of the total.

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The other part of the federal debt—the “intragovernmental debt”–  closed the day on Aug. 12 at $5,390,094,670,446.31. That made the total federal government debt $19,403,004,579,982.84.

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