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The first National Debt Clock was installed on February 20, 1989. [4] The national debt stood at US$2.7 trillion that year. The original 11-by-26-foot (3.4 m × 7.9 m) clock was constructed at a cost of $100,000. [5] It cost $500 per month [5] to maintain the display's 305 lightbulbs. [3]
The debt ceiling is an aggregate of gross debt, which includes debt in hands of public and in intragovernment accounts. The debt ceiling does not necessarily reflect the level of actual debt. From March 15 to October 30, 2015 there was a de facto debt limit of $18.153 trillion, [ 187 ] due to use of extraordinary measures .
The federal government's share of spending compared to GDP has clocked in 20%-30% between 2015 and 2021. This is much higher than the tax collection-to-GDP ratio of 16.4% to 18.3% in that same period.
It’s six times the U.S. debt figure in 2000 ($5.6 trillion). Paid back interest-free at the rate of $1 million an hour, $33 trillion would take more than 3,750 years.
As of May, the federal government has spent $1.2 trillion more than it has collected in fiscal year 2024. In the first quarter of 2024, federal debt as a percent of GDP was 97.3%.
Choreographer George Balanchine's production of Petipa and Tchaikovsky's 1892 ballet The Nutcracker is a broadly popular version of the ballet often performed in the United States. Conceived for the New York City Ballet , its premiere took place on February 2, 1954, at City Center , New York, with costumes by Karinska , sets by Horace Armistead ...
American consumer debt — including mortgages, car loans, credit cards and student loans — reached $16.90 trillion in the fourth quarter of 2022, according to the New York Federal Reserve. This ...
New York City Ballet (NYCB) is a ballet company founded in 1948 by choreographer George Balanchine [1] and Lincoln Kirstein. [2] Balanchine and Jerome Robbins are considered the founding choreographers of the company.