Federal debt set to hit historic high
The federal debt is set to hit a historic high of $562.9 billion early Friday morning - wiping out 11 years of debt repayment prior to the recession, according to a watchdog group.
The US national debt hit a record $15 trillion on Wednesday, the Treasury Department said, but at this point, any penny higher than the $14.3 trillion that forced Congress to a made-for-Jersey Shore debt ceiling debate in the summer is going to be a record breaker.