National Debt

U.S. Took Long Road to $16 Trillion Debt

It's a sad, and expensive, story


How the US reached $16 trillion in debt is a question for both political pundits and economists, but the answer may also be found in the history books.

On Tuesday, the Treasury Department said the national debt has passed the $16 trillion mark for the first time. That's more than $50,000 for every man, woman and child in the US.