National debt hits new milestone, topping $22 trillion
Share
Tweet
February 13, 2019
WASHINGTON (AP) — The national debt has passed a new milestone, topping $22 trillion for the first time.
The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017.
The debt figure has been accelerating since the passage of Trump's $1.5 trillion tax cut in December 2017 and action by Congress last year to increase spending on domestic and military programs.
The national debt is the total of the annual budget deficits. The Congressional Budget Office p...
For access to this article please
sign in or
subscribe.
Reader Comments(0)