Thursday, August 4, 2011

U.S. eats up most of debt limit in one day - Washington Times

U.S. eats up most of debt limit in one day - Washington Times: "$239 billion spike uses up 60% of funding OK’d on Tuesday"

U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal.

The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the latest the Treasury Department figures, which are released on the next business day.



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