U.S. Federal Debt Reached 100% of GDP for Fiscal Year
Federal debt reached 100% of GDP for the fiscal year ended Sept. 30, the first time since 1946.
By Richard RubinWASHINGTON — The U.S. national debt reached 100% of gross domestic product for the fiscal year that ended Sept. 30, hitting the triple-digit mark for the first time since 1946.The federal government had previously reported that the publicly held debt as of Sept. 30 was $32.2 trillio…