The United States debt achieved a new benchmark as it topped $14 trillion for the first time. Apparently, the nation is within $300 billion of the maximum cap established by law. The new Congress is now faced with the task of approving what will clearly be an unpopular vote to pass legislation on raising that cap in order to allow the government to continue on its present course. Just for a quick look at the debt over the past decade, I graphed the historical daily debt values available from Treasury Direct.
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