| Every morning the team at BI Intelligence delivers daily content covering key items business professionals need to be aware of to stay ahead. As a bonus for being a frequent reader of Business Insider, we're including some free content below. Want more content like this daily? Join our FREE BI Intelligence Daily newsletter by clicking here. Here's How Much Debt Obama Added Barack Obama is no longer President of the United States, which means discussion will now turn to his legacy after eight years in office. And part of that legacy includes the national debt.
Based on quarterly data released by the US Treasury, the debt at the end of 2008 (just before Obama took office) was approximately $10,699,805,000,000. As of the third quarter of 2016 (the most recent data available) the debt as Obama left office stood at $19,573,445,000,000.
Based on the website USdebtclock.com, which extrapolates the US national debt in real time based on committed government spending, the debt was approximately $19.97 trillion when Donald Trump took office on Friday.
Therefore, the national debt under Obama will have grown by about $9 trillion, or 86%. Some of this debt is tied to bills passed by Obama's predecessor, George W. Bush, as both Bush and Obama rolled out large investment bills to help the US recover from the low points of the financial crisis.
| | The Internet Of Things Report In this report, we size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises. Learn More » | | The Chatbot Monetization Report A new report from BI Intelligence investigates how brands can monetize their chatbots by tailoring existing models. It also explores various ways chatbots can be used to cut businesses' operational costs. And finally, it highlights the slew of barriers that brands need to overcome in order to tap into the potentially lucrative market. Learn More » | | The Equity Crowdfunding Report In this report, we address the current market for equity crowdfunding and how that differs between the US and UK, what is driving its adoption by both investors and businesses, how it is starting to threaten legacy players in the investment industry, and what their response has been so far. Learn More » | | Snapchat has added a universal search bar at the top of the app that lets users instantly search for friends, groups, Discover publishers and curated Our Stories. Read More » | | YouTube has launched a product called Super Chat that gives creators a new way to monetize their live streams. Super Chat is essentially a paid instant message or comment that live stream viewers can purchase and send as a donation to a broadcaster. Read More » | | Last year, Facebook reportedly paid over 140 media publishers, celebrities and athletes over $50 million to create compelling live video content. Read More » | | Declining television audiences for five of the six top teams in the English Premier League paint an unnerving picture about the health of live sports on TV — and the medium more generally. Read More » | | At the World Economic Forum in Davos, IBM CEO Ginni Rometty argued that AI and automation will render some professions obsolete, but, in the long run, create jobs. Read More » | | Technology is disrupting nearly every part of our daily lives. Read More » | | Despite the growing success of domestic e-commerce platforms, a new PayPal and Ipsos study finds that Indian shoppers are also spending heavily through overseas e-commerce sites. Read More » | | As competition in the US robo-advisor market intensifies, startups must find new ways to attract the volumes of assets under management they need to ensure their success. Read More » | | Citigroup's acquisition of Costco's co-branded credit card portfolio from Amex in June 2016 continues to pay off. Read More » | | YouTube has officially launched an in-app messaging feature that it had been testing since last May. Read More » | | VR awareness surges after holidays | US millennials aren't ready to give up bank branches yet | US consumers could be swayed by financial products from GAFA | | You can gain access to everything BI Intelligence produces - ALL of our extensive research reports, newsletters, and data - when you claim your BI Intelligence ALL‑ACCESS pass. With this level of membership, you will gain immediate access to…
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