US National Debt Hits $20 Trillion for First Time in History

Washington Examiner

 
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http://www.washingtonexaminer.com/national-debt-hits-20-trillion-for-first-time-in-history/article/2634050

 

The national debt exceeded $20 trillion for the first time ever on Friday 
[Sept. 8], the same day President Trump signed a bill into law that suspended 
the debt ceiling and allowed unlimited federal borrowing. The debt ceiling had 
been frozen at about $19.84 trillion since mid-March, and the Treasury 
Department was forced to use "extraordinary measures" to prevent borrowing from 
exceeding that level. But with Trump's signature on Friday, the debt ceiling 
was suspended ... Trump criticized the growing national debt under the Obama 
administration when he was campaigning for president, and talked as president 
about the need to rein in the debt and spending ... But last week, Trump 
indicated he could be open to the idea of getting rid of the ceiling entirely.

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