The Department of the Treasury reported that total US federal debt outstanding reached $40.44 trillion on October 20. This figure represents an increase of $327.4 billion from the previous month and a rise of $2.46 trillion compared to the same date last year. Debt held by the public accounted for $32.57 trillion, while intragovernmental holdings made up the remaining $7.87 trillion. The department also disclosed that accrued interest expense for September totaled $63.1 billion, with Treasury notes carrying the largest share of that cost.
Read the full story at econotimes.com.
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