US national debt hits $19 trillion

The US national debt hit $19 trillion last week, according to the latest figures released by the US Treasury Department.

$13.7 trillion is debt held by private investors and the rest is internal government borrowing, the Washington Times reports.

Now Republicans accuse the Obama administration of profligate spending. However, the current government says that it had to deal with the consequences of the financial crisis during George W. Bush's presidency, Gazeta.ru reports.