2009-07-12

US Bailout money: It's passed $13 trillion now

According to an article on the latest Bloomberg magazine, the total committed bailout money from the US Gov and the Fed amounts to $13.2 trillion as of June the 9th.
The tally has grown 55% since Blomberg Markets reported the size of the bailout six months ago in "How to get to $8.5 trillion" (February 2009).
The current official total debt of the US is $11.5 trillion.

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