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.
This article is from the archive of our partner The Wire.
We want to hear what you think about this article. Submit a letter to the editor or write to email@example.com.