The US federal debt reached $40.55 trillion on October 28, according to the Treasury Department. This total represents an increase of $448.9 billion from the previous month and $2.47 trillion from the same period last year. Debt held by the public accounted for $32.67 trillion, while intragovernmental holdings made up the remaining $7.88 trillion. Accrued interest expense for September totaled $63.1 billion, with Treasury notes representing the largest portion of that cost.
Read the full story at econotimes.com.
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