Exact(8)
The government's debt now exceeds our gross domestic product, and euro zone debt hits record highs.
IMF and Harvard studies show that when national debt hits 90% of GDP, there is a tipping point where long-term structural growth is severely damaged.
Some brokerage houses impose stiffer rules, typically pulling the plug when the debt hits 70percentt of the value of the account.
One of the provisions in the House's latest plan is a demand that the Treasury not use any special measures to prevent default the next time the debt hits the ceiling — a provision, in other words, that would make default an even more likely possibility the next time than it will be on Thursday, when the Treasury runs out of borrowing authority.
This tax is allowed to increase in the baseline and reform scenarios if debt hits the threshold of 60%% share in GDP.
When the debt hits 20 trillion?
Similar(51)
Spain's debt hit 80 percent of G.D.P.
At its peak in 1996, Brady debt hit almost $150 billion.
The cost of insuring Irish debt hit a high of 4.9 percent.
But debt hit £3bn, almost the same as the company's market valuation.
Yields on Germany's benchmark 10-year bond, viewed as the euro zone's safest debt, hit a record low of 1.628 percent Monday.
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