Australia's debt has cracked a trillion dollars, triggering a political debate as to who has the best plan to pay off the nation's massive credit bill.

Australia's debt has cracked a trillion dollars, triggering a political debate as to who has the best plan to pay off the nation's massive credit bill.

Australia's debt has cracked a trillion dollars, triggering a political debate as to who has the best plan to pay off the nation's massive credit bill.

The gross public debt of the United States reached 40.047 trillion dollars on Tuesday, according to data released by the Treasury Department. It is the first time the figure has cr…