National debt jumps nearly $100 billion in one day to record high

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Debt ball and chain to US

Pete Kasperowicz – July 2, 2016

Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It’s the first time it has ever exceeded $19.3 trillion.

The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office.

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