webfact ·
US national debt has more than doubled over the past decade, passing $40tn (£29.4tn), according to Treasury data that show the level of borrowing accelerating faster than expected. The Treasury figures put the total at $40.05tn as of 18 August, covering all outstanding Treasury bonds, bills and notes. In 2016, the US debt was just under $20tn, according to the same data series. Debt Growth And Debt-Ceiling Pressure The expansion has been driven by years of high government spending under both th
