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CNBC: Government debt hits record $66 trillion, 80% of global GDP, Fitch says


Governments are continuing to run up huge debt levels, with emerging countries helping push the total global IOU to 80 percent of gross domestic product.

The worldwide tab through 2018 is now up to $66 trillion as measured in U.S. currency terms, about double where it was in 2007, just as the financial crisis was beginning to unfold, according to Fitch Ratings' new Global Government Debt Chart Book released Wednesday.

Read More (CNBC)