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IPFS News Link • Government Debt & Financing

In 6 Months Since Budget Deal:

• cnsnews.com

In the six months that have passed since then-retiring House Speaker John Boehner and Senate Majority Leader Mitch McConnell cut a budget deal with President Barack Obama that suspended the legal limit on the federal debt until March 15, 2017, the federal debt has increased by more than $1 trillion.

The Senate passed "The Bipartisan Budget Act of 2015" with a vote held in the early morning hours of Friday, Oct. 30. Obama signed it on Monday, Nov. 2.

At the close business on Oct. 30, 2015, the total federal debt was $18,152,981,685,747.52. By the close of business on April 28, 2016—the latest date for which the Treasury has published the number--the total federal debt was $19,186,207,744,589.55.

1 Comments in Response to

Comment by olde reb
Entered on:

increases in the national debt are exponential--they will be shaped as a hockey stick. That is a result of the Ponzi scheme of the Federal Reserve. Ref: http://www.scribd.com/doc/48194264/rip-off-by-the-Federal-Reserve-revised



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