Monday, July 2, 2012

April-June debt up $274 billion

I don't know whether to call this Q2 or FY2012-Q3.  Anyways, the debt on March 30, 2012 was at $15,582 billion and on June 29, 2012 it was at $15,856 billion, an increase of $274 billion.  The percentage increase was 1.76%, the lowest quarterly increase in about 4 years. 

Just to compare, the increase for the quarter ending 3/30/12 was $359 billion (2.36%), so this is a step in the right direction.

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