Hot Topics :
www.1776coalition.comnati-e2bdaf8a9d8e6170a9c9d3a21ab4801f4389a49b

National debt jumps to $22 trillion

The U.S. national debt hit $22 trillion for the first time this week, less than a year after it first hit $21 trillion.

Total government debt was $22.013 trillion on Monday, according to the Treasury Department. The exact level of debt for any given day is published on the following business day.

The debt has now climbed more than $2 trillion in less than 18 months. It first hit $20 trillion in September 2017. Just a few months ago, Trump called on his Cabinet officials to cut their budgets by 5 percent in a bid to keep spending down.

Our growing national debt matters because it threatens the economic future of every American,” said Michael Peterson, CEO of the Peter G. Peterson Foundation. “As we borrow trillion after trillion, interest costs will weigh on our economy and make it harder to fund important investments for our future. We already pay an average of $1 billion every day in interest on the debt, and will spend a staggering $7 trillion in interest costs over the next decade.”

Subscribe to All Around the World

Get your daily dose of news & info from All Around the World

Sign up to All Around the World for FREE and receive our daily emails.

Popular Topics

  • White House opens door to tolls on interstate highways, removing long-standing prohibition
  • BILL CLINTON: ‘I THANK GOD EVERY APRIL 15TH’ I GET TO PAY MORE TAXES
  • OBAMA EPA CHIEF REGINA MCCARTHY: POLLUTION HOLDS AFRICAN-AMERICANS BACK
  • NBA CAN’T LEGALLY TERMINATE STERLING’S OWNERSHIP
  • White House on defense over new Benghazi emails, claims controversial ‘prep call’ not about attack

Going Somewhere Soon?

Whether you're traveling for business or pleasure, playing with points or seeking another fabulous review, we can help. All Around the World editors have been there, done that, and probably eaten it too. Join us for travel, meal and lifestyle tips today.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.