The U.S. national debt surpassed historic $20 trillion mark
Main page Digest, US Market, US

According to data released Monday the U.S. national debt climbed about $318 billion and reached to $20.162 trillion for the first time ever, Business Insider reports.

The debt has increased about $215 billion from around $19.94 trillion.

Last Friday president Donald Trump signed a bill suspending the debt ceiling and allowing the federal borrowing limit to extend until Dec. 8.

The deal allocated more than $15 billion in disaster aid for Hurricane Harvey.

“Surpassing $20 trillion in debt is the latest indicator of our nation's dire fiscal condition. As a result of our inability to address our growing debt, we are now on pace to spend $6 trillion on interest alone over the next 10 years,” president and CEO of the Peter G. Peterson Foundation Michael A. Peterson said in a statement.

According to the Treasury $14.62 trillion is held by the public, while $5,54 trillion is held by various parts of the government, also known as Intragovernmental Holdings.

Read also:

Хотите узнать больше о гражданстве за инвестиции? Оставьте свой адрес, и мы пришлем вам подробный гайд

Please describe the error
Close
Close
Thank you for registration
Like us on Facebook to help us make even more interesting materials for free.