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Home>The $16 Trillion Question: The U.S. Debt Ceiling

The $16 Trillion Question: The U.S. Debt Ceiling

Perspectives Content Submission

Fri, 26 Oct 2012

At the close of business on August 31, 2012, the United States broke a record that had nothing to do with the London 2012 Olympics: The country’s total outstanding public debt closed above $16 trillion. 1 , 2 In addition, with 2012 U.S. gross domestic product estimated to be $15.7 trillion, 3 the c

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