This Sept. 6, 2017, file photo shows a tip jar with one dollar and five dollar bills and a penny in New York (AP Photo/Mark Lennihan, File)
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Governments around the world will borrow roughly $7.4 trillion this year, credit rating firm S&P Global estimated Thursday, pushing their overall debt total to a record level for the third year in a row.The annual forecast by S&P projected that the United States will make up one third of the total and together with Japan would account for over half of the $7.4 trillion.China is number three and expected to issue around $700 billion worth of debt, while Italy, France, and Brazil will each raise over $180 billion.
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