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Thursday, July 1, 2010

Federal debt 62% of US economy by year’s end

National debt soars to highest level since WWII

The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office.

For more detail on the report, check out this post in USA TODAY's The Oval.

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