The US federal debt reached $40.53 trillion on October 26, according to the Treasury Department. This total represents a $2.49 trillion increase from the previous year and a $431.2 billion rise from late September. Debt held by the public accounted for $32.64 trillion, while intragovernmental holdings made up the remaining $7.89 trillion. Accrued interest expense for September totaled $63.1 billion, bringing the fiscal year-to-date total to $800 billion.
Read the full story at econotimes.com.
Photo: lewickistudio / Pixabay
