US State Debt Exceeds $19 Trillion

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    According to the US Ministry for Finance, the country’s state debt by the end of January hit a record $19 trillion; 103% of the country’s GDP. Under the Obama administration, the debt has almost doubled: at the moment he was elected, state debt stood at $10.6 trillion. This has given rise to republican accusations that Obama has been mismanaging state funds. The White House has rejected these claims, explaining the rise as a result of actions to fight off the economic crisis which erupted

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