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Your Money Your Vote

Quiz: CNBC Quiz: Your Money Your Vote

Question 2 of 11

Who was president when the nation's debt passed $1 trillion for the first time?

  1. Lyndon Johnson
  2. Jimmy Carter
  3. Richard Nixon
  4. Ronald Reagan
Correct!

Debt held by the public went from almost $924 billion in 1982 to $1.14 trillion in 1983, Reagan's third year in office.

Source: CBO