TV News LIES

Monday, Feb 18th

Last update05:20:13 AM GMT

You are here News Economy National debt surpasses $22T for first time in U.S. history

National debt surpasses $22T for first time in U.S. history

E-mail Print PDF
National debt tops $5T for first time The gross national debt surpassed $22 trillion for the first time in U.S. history, according to data released by the Treasury Department on Tuesday.

The Treasury Department estimated the national debt reached $22.01 trillion, up $30 billion from the previous month.

National debt stood at $21.974 trillion as of Dec. 31, representing an increase one year after President Donald Trump signed a tax reform bill in which a lower corporate tax rate lowered Treasury revenues.

Michael A. Peterson, CEO of non-partisan budget watchdog the Peter G. Peterson Foundation, also issued a statement noting the United States has added $1 trillion in debt in the past 11 months.

More...

 


Most Recent Related Stories...


Government shutdown costs the economy $11 billion, significantly dings Q1 GDP growth, CBO estimates

CBOThe 35-day government shutdown wiped out $11 billion in economic activity, most of which will be...

Trump supporter eyes moving factory to Mexico over tariffs

EBW Electronics may move to MexicoA supporter of President Trump is considering moving his company's production headquarters to Mexico in an...

Hustle, the Political Text Messaging Service, Fires One-Third of Its Staff

Hustle, Campaign text messaging service, fires one third of staff Hustle Inc., a text messaging startup that worked with more than 1,300 Democratic campaigns in the...

Key reading of the manufacturing sector falls to lowest level in more than 2 years

US manufacturing at lowest point in last three years Activity in the U.S. manufacturing sector expanded at a much slower pace than expected last month,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!