Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/8/2013 (2 years ago)

Catholic Online (www.catholic.org)

U.S. Is now $8.3 trillion in debt; debt was increased by $777 billion

They were SUPPOSED to make a dent in the already existing maturing $7 trillion-plus debt. Instead, the U.S. Treasury added to the approximately $7,546,726,000,000 in maturing debt by around $777 billion, making the total debt $8.3 trillion. Adding insult to injury, the Treasury turned around and issued another $8,323,949,000,000 in new Treasury securities.

They were SUPPOSED to make a dent in the already existing maturing $7 trillion-plus debt. Instead, the U.S. Treasury added to the approximately $7,546,726,000,000 in maturing debt by around $777 billion.

They were SUPPOSED to make a dent in the already existing maturing $7 trillion-plus debt. Instead, the U.S. Treasury added to the approximately $7,546,726,000,000 in maturing debt by around $777 billion.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/8/2013 (2 years ago)

Published in Business & Economics

Keywords: U.S. Treasury, debt, deficit, fiscal year


LOS ANGELES, CA (Catholic Online) - The spread between the old debt held by the public that matured and was paid off during the fiscal year. The new debt that was sold to cover government spending over and above tax revenues.

The Treasury had needed to redeem only $6,804,956,000,000 in Treasury securities in 2012. The treasury needed to turn around and issue $7,924,651,000,000 in new securities, increasing the net debt held by the public by $1.119695 trillion.

The debt did not increase as much as it had in fiscal 2012, due to a large portion of the debt is composed of shorter-term Treasury bills and notes. The government is able to pay a lower interest rate than it would need to pay on longer term Treasury bonds.

Treasury bills have maturities of anywhere from a few days to 52 weeks. Treasury notes have maturities of between two years and 10 years whereas treasury bonds have maturities of 30 years. And the Treasury also sells Treasury-Inflation Protected Securities (TIPS), which have terms of 5, 10 or 30 years.

As of the end of fiscal 2013, the U.S. government's marketable debt held by the public was approximately $11,577,400,000,000. That included approximately $7,750,336,000,000 in medium-term Treasury notes, $1,527,909,000,000 in short-term Treasury bills-and only approximately $1,363,114,000,000 in 30-year Treasury bonds.

The table below, in millions of dollars, are the figures for the value of the debt held by public that Treasury redeemed and issued in each fiscal year since 2006, and also the net annual increase in that debt:

Redeemed / Issued / Increase

2013        7,546,726    8,323,949    777,223

2012        6,804,956    7,924,651    1,119,695

2011        7,026,617    8,078,266    1,051,649

2010        7,206,965    8,649,171    1,442,206

2009        7,306,512    9,027,399    1,720,887

2008        4,898,607    5,580,644    682,037

2007        4,402,395    4,532,698    130,303

2006        4,297,869    4,459,341    161,472

Discover the true meaning of Christmas!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for May 2016
Universal:
Respect for Women: That in every country of the world, women may be honored and respected and that their essential contribution to society may be highly esteemed.
Evangelization: Holy Rosary: That families, communities, and groups may pray the Holy Rosary for evangelization and peace.



Comments


More Business & Economics

100k Americans work for China as China continues to purchase major US companies Watch

Image of New reports indicate nearly 100 thousand U.S. jobs report to China (AMC Theatres).

By Kenya Sinclair (CALIFORNIA NETWORK)

China has been purchasing major American companies, resulting in nearly 100,000 U.S. citizens working to support the Chinese economy. LOS ANGELES, CA (Catholic Online) - State-owned companies and those closely-related to the Chinese government are responsible for the ... continue reading


The world of news is changing, Buzzfeed struggles to keep up Watch

Image of Buzzfeed is struggling, can they cope with the shift in media culture?

By Marshall Connolly (CALIFORNIA NETWORK)

There's growing concern that Buzzfeed doesn't have a very bright future, at least as far as news is concerned. The firm has missed its projected revenues, and it may look to the news for the place to cut. LOS ANGELES, CA (California Network) - It's hard to get news ... continue reading


Two hundred French police raid Google over unpaid taxes as it's revealed firm may owe nearly $2 BILLION! Watch

Image of Police have raided the Google headquarters in Paris, seeking evidence of tax evasion.

By Marshall Connolly (CALIFORNIA NETWORK)

Your favorite brands may be in trouble for tax evasion. Over a hundred police officers and another hundred support personnel have raided Google's headquarters in France as part of an investigation into the company's taxes. Google is one of many brands that may owe ... continue reading


Censorship in America is alive and well. You'll be surprised to see who you can thank! Watch

Image of Obama and Zuckerberg work closely. It's not clear on what.

By David Drudge (CALIFORNIA NETWORK)

Freedom of the press may be the most important fundamental right in a free society. This is why censorship, particularly on social networks such as Facebook, is particularly onerous. LOS ANGELES, CA (California Network) - Freedom of the press is enshrined in the First ... continue reading


Facebook censor scandal - What is Zuckerberg up to? Watch

Image of Facebook censorship scandal prompts Zuckerberg to move (Pinterest).

By Kenya Sinclair (CALIFORNIA NETWORK)

Mark Zuckerberg is set to hold a meeting on Wednesday with Glenn Beck and Dana Perino to talk Facebook's censorship scandal. LOS ANGELES, CA (Catholic Online) - Recently a Gizmodo report accused Facebook of suppressing conservative news in the "trending" section.The ... continue reading


YES, bosses should let their employees power nap. So why don't they? Watch

Image of Studies show a short nap at work and increase productivity, alertness, memory, and cognition.

By Marshall Connolly (CALIFORNIA NETWORK)

There's something to be said for the afternoon siesta, after all. Or at least a power nap, according to one sleep expert from the University of Adelaide. Research shows that a ten-to-fifteen-minute nap in the afternoon improves performance. LOS ANGELES, CA (California ... continue reading


191 THOUSAND mining jobs lost since September '14 Watch

Image of With less coal, the US will need to turn to other countries (Pinterest).

By Kenya Sinclair (CALIFORNIA NETWORK)

Coal provides a cheap and efficient source of power - and the United States has lost 191,000 miners to provide this commodity. LOS ANGELES, CA (Catholic Online) - According to the <a href=http://www.bls.gov/news.release/pdf/empsit.pdf>Bureau of Labor ... continue reading


Obama brags in face of economic failure Watch

Image of The Obama administration claims the economy is thriving - but what is REALLY going on (TPNN)?

By Kenya Sinclair (CALIFORNIA NETWORK)

We all know "that guy." You know the one - the guy who is obsessed with conspiracy theories and who swears the government is out to get us. Well, according to newly released economic data, "that guy" might be (partially) right. LOS ANGELES, CA (Catholic Online) - U.S. ... continue reading


Yes, there's definitely something wrong with millennials, and here's what it is! Watch

Image of As far as millennials are concerned, the American dream is just that -- you have to be asleep to believe it.

By Marshall Connolly (CALIFORNIA NETWORK)

Across the country, the news is shocking. Over half of the millennials think socialism might be a good thing. Most of them believe the American dream is a myth, and public perception is that something is wrong with them. Why do they just want "free stuff?" LOS ANGELES, ... continue reading


Billionaire Soros warns China is near economic collapse Watch

Image of China's economy may be heading for trouble.

By Marshall Connolly (CALIFORNIA NETWORK)

Billionaire George Soros is sounding the alarm, China is about to go down and the rest of the world could follow. According to Soros, there is a major resemblance between China now and the United States in 2007-2008 just before the U.S. economy entered the Great ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • WARNING: GRAPHIC IMAGES Killer nanny asks judge for freedom because ...
  • Daily Readings for Tuesday, May 31, 2016
  • Advent Prayer HD Video
  • Your Daily Inspirational Meme: God is Good
  • Christians stand your ground: Graduating class recites The Lords ...
  • St. Mechtildis: Saint of the Day for Tuesday, May 31, 2016
  • Daily Reading for Wednesday, June 1st, 2016 HD Video

Daily Readings

Reading 1, Second Peter 1:2-7
2 Grace and peace be yours in abundance through the knowledge of our ... Read More

Psalm, Psalms 91:1-2, 14-15, 15-16
1 You who live in the secret place of Elyon, spend your nights in the ... Read More

Gospel, Mark 12:1-12
1 He went on to speak to them in parables, 'A man planted a vineyard; he ... Read More

Saint of the Day

Saint of the Day for May 30th, 2016 Image

St. Joan of Arc
May 30: St. Joan of Arc is the patroness of soldiers and ... Read More