Federal debt tops $15 trillion

Federal debt tops $15 trillion: Washington Times, by Stephen Dinan Posted By: Desert Fox- Wed, 16 Nov 2011 22:26:16 GMT The Treasury Department said Wednesday that federal debt now tops $15 trillion — a staggering figure that has risen precipitously over the last decade. The exact debt total stood at $15.034 trillion as of the end of business Tuesday, an increase of $56 billion over Monday’s tally. All told, federal debt has risen $4.41 trillion since President Obama took office, and is nearly triple the size of the debt in 2001, when President George W. Bush landed in the White House. Congress earlier this year raised the debt ceiling, which cleared the way for Wednesday’s new record figure, but

Posted in: