The National Debt
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U.S. debt now about 73% of GDP, CBO says

U.S. debt now about 73% of GDP, CBO says | The National Debt | Scoop.it
WASHINGTON (MarketWatch) - The U.S. national debt is now about 73% of gross domestic product, the Congressional Budget Office said Tuesday. The percentage of debt is higher than any point since around World War II, and twice the percentage it was at the end of 2007, the nonpartisan agency said in its long-term budget outlook. If current laws stay in place, debt will decline "slightly" relative to GDP over the next few years, the agency said. But it warned that growing future deficits will push the debt to 100% of GDP 25 years from now.
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Skating Close to the Edge, Again, on the Debt Ceiling

Skating Close to the Edge, Again, on the Debt Ceiling | The National Debt | Scoop.it
There’s less congressional appetite for brinkmanship this time, but the government has only a few weeks’ worth of cash left.
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US faces threat of default as debt ceiling deadline looms - Press TV

US faces threat of default as debt ceiling deadline looms - Press TV | The National Debt | Scoop.it
Press TV
US faces threat of default as debt ceiling deadline looms
Press TV
The United States economy once again faces the threat of default unless Congress raises the nation's debt ceiling before the end of February.
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National Debt For Beginners

National Debt For Beginners | The National Debt | Scoop.it
Economists cover the basics, from why countries borrow money to how much national debt is too much.
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'Time is short' for US Congress to raise debt limit - DAWN.com

'Time is short' for US Congress to raise debt limit
DAWN.com
WASHINGTON: US Treasury Secretary Jacob Lew warned on Monday that the United States will exhaust its borrowing authority on Friday without action by Congress to lift the debt limit.
Branden Holthaus's insight:

in last year's political gridlock, consumer and business confidence dropped and investors “publicly questioned whether it was too risky to hold certain types of US government debt.”

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