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Talking Points

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How big is the national debt? The national debt has passed $16 trillion, the Treasury Department announced Tuesday. That equals $50,000 for every resident of the U.S., and it requires the government to borrow 33 cents of every dollar it spends. The growth in the debt means the government will have to raise the debt limit from the current ceiling of $16.39 trillion, a move that was highly...

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