���We���re not happy at the impact we���re making with this one,��� he said. The latest plan is for yet another replacement, involving a larger scale signboard. Fiscal Service, Federal Debt: Total Public Debt GFDEBTN, retrieved from FRED, Federal Reserve Bank of St. ���When it became clear what was going to happen, our first thought was to free up the digital square occupied by the dollar sign so that we could cope with a 14th digit,��� Mr Durst said. Release: Treasury Bulletin Units: Millions of Dollars, Not Seasonally Adjusted Frequency: Quarterly, End of Period Suggested Citation: U.S. 1h Wall Street Bearish 1h View More News Earnings Monetary Policy More The US National Debt Clock is Ticking Why People Are Now Paying Attention 8:42 AM -08:00 Darrell. Instead the debt continued to rise at such a rate that the once unthinkable total of $10 trillion veered from alarmist fantasy into the realm of impending reality. In ���04, the old clock was torn down and replaced with a newer model which had been modified to run backwards should such a happy necessity arise. The curtain was raised in ���02 and the digital readout flickered back to life showing a national debt of $6.1 trillion with the numerals whizzing round faster than ever. He only had to wait two years as the Bush presidency coincided with an upsurge in borrowing. org App gives you a Real-Time glimpse of the most relevant economic data showing the financial condition of the US Federal Government. ���We���ll have it ready in case things start turning around, which I���m sure they will,��� Durst said at the time. The clock was covered with a red, white and blue curtain, but not dismantled.
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