Stat of the Day

Federal Debt Grew by $54.1 Billion During Fight to Cut $38.5 Billion

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Caitlin Dickson 3,588 Views Apr 11, 2011

It took eight, long days for the White House and Congress to agree on $38.5 billion in spending cuts for the rest of fiscal year 2011. In that short period of time, the federal debt increased by $54.1 billion to a total of $14.2642 trillion, according to the Bureau of the Public Debt.

CNS News, which reported the growth, points out that the national dept has increased by $653.4 billion since the beginning of this fiscal year, last October.

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