What The Total U.S. Debt Really Looks Like and What It All Means

What The Total U.S. Debt Really Looks Like and What It All Means

Total US debt soars to nearly $60 trn, foreshadows new recession! The Federal Reserve Bank of St. Louis released the current data for the total debt in the United States Economy on June 5, 2014 — All Sectors; Credit Market Instruments; Liability, Level (TCMDO). While people, companies, and governments blamed bad weather for a dismal showing in economic activity, it appears they had little trouble finding their way to the banks to add on $471 billion in new debt.

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