(CNN) — The numbers getting tossed around in Washington during the debt ceiling negotiations can be mind-boggling.
Since the average American will never have, say, $14.3 trillion to wrap his or her mind around, here’s how these numbers would stack up if translated into everyday life.
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$14,300,000,000,000
The United States currently has a $14.3 trillion debt ceiling.
With the median sale price of a new home in the United States last year at $221,800, that amount could buy 64,472,498 new houses — one for every resident of California and Texas combined.
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$2,400,000,000,000
The White House and congressional leaders reached an agreement Sunday on a proposal that could be voted on by both chambers of Congress on Monday. The deal includes $2.4 trillion in deficit reduction over 10 years.
The average American household with at least one credit card carries almost $10,700 in credit-card debt, according to CardWeb.com.
So $2.4 trillion could pay off such a household’s credit-card debt 224,299,065 times over.
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$2,100,000,000,000 or $2,400,000,000,000
The agreement, if passed, would allow a total increase to the debt limit of up to $2.1 trillion or $2.4 trillion, depending on actions by a special joint congressional committee.
What would $2.1 trillion look like? Lined up along the equator, the dollar bills would stretch around the world more than 8,172 times.
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$400,000,000,000
Because of a Tuesday deadline to reach a debt ceiling deal before the country risks an unprecedented default, the plan would allow President Barack Obama to have the power to immediately raise the debt ceiling by $400 billion, which would last through September.
The wealthiest American, Bill Gates, is worth $56 billion, according to Forbes magazine. The immediate debt ceiling increase would be akin to 7.14 times Gates’ net worth.
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