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Debt Jumped $54.1 Billion in 8 Days Preceding Obama-Boehner Deal to Cut $38.5 Billion for Rest of Year
Posted By aaron On April 9, 2011 @ 9:38 am In Featured Stories,Tile | Comments Disabled
Terence P. Jeffrey
April 9, 2011
The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September.
The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7.
Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increase by $653.4 billion.
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