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Friday, October 31, 2008

National Debt Jumps $880B Since September

Per Calculated Risk:

The National Debt has increased $880 billion since the beginning of September - that isn't a typo - almost $1 trillion in less than two months as the Treasury raises cash for the TARP and for the Fed's liquidity initiatives.
The National Debt is now $10.53 trillion. Remember when the debt passed $10 trillion? That was on September 30th ... less than one month ago.
Source: Treasury Direct