The National Debt Clock hangs from a building near Times Square in New York

 
The National Debt Clock hangs from a building near Times Square in New York
The National Debt Clock hangs from a building near Times Square in New York February 14, 2011. U.S. President Barack Obama on Monday pledged to halve the U.S. deficit by 2013 and axe $1.1 trillion over a decade through spending cuts and tax increases in a budget he called a "downpayment" on fiscal control. REUTERS/Joshua Lott (UNITED STATES - Tags: BUSINESS POLITICS)