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$5.5 trillion: U.S. foreign debt hits new high

Posted By -NO AUTHOR- On 12/17/2012 @ 1:56 pm In Money,U.S.,World | No Comments

(CNSNEWS) — The amount of money the U.S. government has borrowed from foreign interests hit a record high at the end of October, according to data released today by the U.S. Treasury.

As of Oct. 31, the U.S. government owed $5,482,200,000,000 to foreign interests, according to the Treasury. That was up from $5,476,200,000 as of Sept. 30.

The foreign debt of the U.S. government equaled $47,482 for each of the 115,459,000 full-time workers (including full-time government workers) there were in the United States in October, according to data published by the Bureau of Labor Statistics. Similarly, it equaled $47,706 for each of the 114,916,000 households the Census Bureau estimated there were in the United States in September.

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