The Treasury Department gave President Obama an early Christmas lump of coal on Friday: the 2011 financial report of the U.S. government, which shows rapidly rising debts and was immediately deemed unauditable by the Government Accountability Office.Should this institution take on more responsibilities since it can't handle what it's doing right now?
The report from Treasury Secretary Timothy Geithner shows the government owes $17.5 trillion to its creditors, retirees, veterans and others.
Friday, December 23, 2011
Treasury report shows U.S. debts growing
USA Today reports: