December 21, 2014

What is the Current Debt Held by the Public?

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When tax revenue is too low to fund federal government operations and and existing debt obligations, the Treasury issues debt that external investors can purchase.

$12,988,040,717,921
Treasury Direct, 12/18/2014



About the Issue

  • The national debt has grown significantly in recent years due to rising annual deficits. A deficit occurs in any year the government spends more...

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