The current debt of the federal government of the United States of America is over 14 trillion dollars. See related link for a debt clock.
According to the US National Debt Clock, the current federal debit in the USA is 16.804 trillion dollars. Of course, this figure is constantly rising.
us federal debt in 1850
us federal debt in 1850
The debt ceiling
There are many possible ways to categorize US debt and spending. The debt itself can be broken into debt held in intragovernmental accounts (i.e., the Social Security Trust Fund, etc.), and debt held by the public and/or the federal reserve. It can also be broken down into debt held domestically and internationally, and possibly many other such categorizations.
In the United States, federal, state and local governments all issue paper to meet funding needs States and local governments issue municipal paper. US Treasury issues Treasury bills to fund the US public debt.
debt and bankruptcy
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
Very in debt. The current debt is almost 15 trillion. If the current debt keeps rising the total debt is estimated to hit around 21 trillion.
$12 trillion
In addition to the US Federal Government and the 50 state governments, there are county, city and town governments in every state. So the total number of governments in the US can be counted in the thousands.
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.