Tag: U.S. federal government

Feds Borrowed $6 Billion Per Day So Far This Fiscal Year

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Maya Macguineas

The U.S. federal government has borrowed about $6 billion per day so far this fiscal year with little indication of slowing down.

The U.S. Treasury Department released its figures for the month of March showing it borrowed $236 billion in March alone, bringing the total to $1.1 trillion for this fiscal year, which runs from October to September.

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U.S. National Debt Surpasses $100K per Person

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The rapidly growing debt of the U.S. federal government has hit another milestone, topping more than $100,000 per person.

While the U.S. population and the U.S. national debt are large numbers that are difficult to calculate, the rough debt estimate and rough population estimate end up at about $100,000 of federal debt per person in the U.S.

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