US national debt clock
Media playback is unsupported on your device

US government debt $14 trillion and rising

The US government owes $14 trillion but still needs to borrow more, which means President Obama must win over opposition Republicans.

But they have said they will only back his proposals in return for deep spending cuts and a pledge not to raise taxes.

Michelle Fleury reports from New York.

  • 13 Apr 2011
Go to next video: Geithner on US economy