US national debt hits $13 trillion
Wed, 02 Jun 2010 23:40:30 GMT
The US national debt has reached $13 trillion for the first time in history, the Treasury Department says.
Amid vast government spending designed to stave-off economic calamity, the debt reached $13,050,826,460,886.97 on June 1, AFP reported on Wednesday.
The US national debt has increased by around $1.6 trillion over the past year and more than doubled over the past ten years.
It now stands at just under 90 percent of annual gross domestic product.