National debt tops $22 trillion for the first time – AOL News

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.

Source: National debt tops $22 trillion for the first time – AOL News

Standard

Leave a Reply