(CNSNews.com) The debt of the federal government, which is normally subject to a legal limit, jumped by $409 billion in the month of October, according to the U.S. Treasury.
That equals approximately $3,567 for each household in the United States, and is the second-largest one month jump in the debt in the history of the country.
In the continuing resolution deal sealed by President Barack Obama and the Republican congressional leadership last month, the legal limit on the federal debt was suspended until February 7 of next year.
The single greatest one-month increase in the federal government's debt came in October 2008, when Congress enacted the Troubled Asset Relief Program to bail out the financial industry.
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