Federal Debt Jumped $409 Billion in October; $3,567 Per Household

The debt of the federal government, which is normally subject to a legal limit, jumped by $409 billion in the month of October, according to the U.S. Treasury.

That equals approximately $3,567 for each household in the United States, and is the second-largest one month jump in the debt in the history of the country.

In the continuing resolution deal sealed by President Barack Obama and the Republican congressional leadership last month, the legal limit on the federal debt was suspended until February 7 of next year.
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