(AFP) – US debt has reached $13 trillion for the first time in history, the Treasury Department said Wednesday, stoking a political furor over government spending.
Amid vast government outlays designed to end the economic crisis, the debt reached a record $13,050,826,460,886.97 on June 1, according to official figures.
The debt has more than doubled in the last 10 years and now stands at just under 90 percent of annual gross domestic product.
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