0 votes

US Debt Jumps A Record $328 Billion In One Day – Debt Now Over $17 Trillion

Via Ben Swann.

The previous high of $238 billion was set two years ago.

The Washington Times reports that the sudden increase can be attributed to the government’s “replenishing its stock of ‘extraordinary measures’ - federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.”

Since May, the federal debt barely increased, staying right around $16.7 trillion. But Congress’s recent deal, which went into effect on Wednesday, completely suspended the government’s borrowing limit.

When the debt ceiling increased on Wednesday, the Treasury Department was subsequently able to refund pensions and programs that had been unfunded since May.

The previous high of $238 billion was set two years ago.

The Washington Times reports that the sudden increase can be attributed to the government’s “replenishing its stock of ‘extraordinary measures’ - federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.”

Since May, the federal debt barely increased, staying right around $16.7 trillion. But Congress’s recent deal, which went into effect on Wednesday, completely suspended the government’s borrowing limit.

When the debt ceiling increased on Wednesday, the Treasury Department was subsequently able to refund pensions and programs that had been unfunded since May.

Read more: http://benswann.com/us-debt-jumps-a-record-328-billion-in-on...