The national debt recently surpassed $38 trillion, but America’s debt crisis isn’t limited to the federal government. Less well known is that, nationwide, state and local governments now hold more than $6.1 trillion of their debt. States owe $2.7 trillion in debt, cities hold $1.4 trillion, school districts have $1.3 trillion, and counties owe $760 billion, according […]
Author Archives: Jordan Campbell
Jordan Campbell is a managing director of government finance at Reason Foundation, where he coauthored State and Local Government Finance Report. He wrote this for InsideSources.com.