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U.S. national debt exceeds $30 trillion for first time

Summary by Ground News

The national debt nearly doubled during Barack Obama's presidency but accelerated even faster under President Donald Trump. The budget deficit totaled $2.77 trillion in 2021, second to only the prior year, when a massive surge in government spending due to the pandemic pushed the deficit to $3.13 trillion.

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Live Mint

US national debt exceeds $30 trillion for first time

Increase from pre-pandemic levels fueled by trillions of dollars spent on aid programs for small businesses, workers and others

3 years ago·New Delhi, India

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WSVN

America’s national debt surpasses $30 trillion for the first time

(CNN) — America’s national debt just hit another sobering milestone.Total public debt outstanding is now above $30 trillion, according to Treasury Department data published Tuesday.Government borrowing accelerated during the Covid-19 pandemic as Washington spent aggressively to cushion the economic blow from the crisis. The national debt has surged by about $7 trillion since the end of 2019.It’s impossible to know how much debt is too much, and …

3 years ago·Miami, United States

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Telesur

US National Debt Surpasses $30 Trillion for The First Time

The milestone of US$30 trillion in debt should be "a giant red flag for all of us about America's future economic health, generational equity, and role in the world," said Michael Peterson.

3 years ago·Caracas, Venezuela, Bolivarian Republic of

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