This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Census Bureau Daily Feature For August 4

WASHINGTON, Aug. 4, 2013 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

(Logo: http://photos.prnewswire.com/prnh/20110428/DC91889LOGO)

SUNDAY, AUGUST 4: FULL FAITH AND CREDIT

Profile AmericaSunday, August 4th.   On this date in 1790, the young federal government issued its first bonds, promising to pay between 3 and 6 percent interest.  The borrowed money was used for liquidating state debts related to the Revolutionary War, and assumed by the new national government.  At the time, the national debt approached $75 million.  Today, the national debt is put at about $16 trillion.  But we, the people, have a government reflective of its citizens, as Americans individually carry great debt.  The percentage of U.S. households with debts declined from 74 percent to 69 percent between 2000 and 2011. But the median amount increased over this period from about $51,000 to $70,000.  You can find current data on the country's economy by downloading the new America's Economy mobile application at www.census.gov/mobile.

Sources:  Kane's Famous First Facts, 3811                www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo1.htm                U.S. Census Bureau, News Release, CB13-51

Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button). 

SOURCE U.S. Census Bureau

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs