The US Treasury has already exceeded the federal legal borrowing - TopicsExpress

The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals the main structural problems remain unresolved putting at risk the fragile recovery. The country’s outstanding public debt is already $38.82 million above the statuary debt ceiling and now at $16,738,220,000,000.00, according to Treasury data. rt/business/us-treasury-debt-limit-exceeded-629/

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