US debt crosses record $19 trillion
WASHINGTON: The United States of America is now officially a whopping $19 trillion in debt - that's T for trillion which translates to nearly $19,000 billion. According to the latest figures released by the US Treasury Department technically the US federal government is in debt. According to the report, President Obama took office in 2009 with $10.6 trillion, adding up to $8 trillion during his two terms - taking the national debt to $19 trillion at a 'record pace'. The Congressional Budget Office has said that this is likely to increase further. As of February 5, the total federal government debt stood at $19.01 trillion. Of this $13.7 trillion is debt held by the public and the rest is internal government borrowing, including the IOUs the government has left in the Social Security trust fun over the last three decades, WT further reported.