The money the U.S. government owes to foreign entities rose
to a record $5.2923 trillion in June, according to data
released by the U.S. Treasury Wednesday afternoon.
In May, the U.S. Treasury had owed $5.2581 trillion to
foreign entities. On net, in June, the U.S. government borrowed an additional
$34.2 billion from foreign entities in order to fund U.S. government
operations.
The U.S. government’s indebtedness to foreign interests has
grown by 72.3 percent during President Barack Obama’s term in office. In
January 2009, when Obama was inaugurated, the U.S. government owed $3.0717
trillion to foreign entities, according
to the Treasury Department. That has increased by $2.2206 trillion—or 72.3
percent—to the record $5.2923 trillion reported for yesterday. (Read further: Source)
Related links:
Russia Today: U.S. debt eclipses economy, reaching $16 trillion
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