Looks like federal only; http://www.gpoaccess.gov/usbudget/fy07/pdf/budget/tables.pdf says that for 2007 the federal budget was based on an income of 2416 and an outgoing of 2770 which fits these figures reasonably.
I suppose the federal government is the organisation which has the national debt; presumably the individual states have their own state debts, but I guess they don't have credit ratings quite as good as los federales.
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timeasmymeasure
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Date: 2007-06-14 07:01 pm (UTC)I suppose the federal government is the organisation which has the national debt; presumably the individual states have their own state debts, but I guess they don't have credit ratings quite as good as los federales.