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Old September 14th, 2017 #4
alex revision
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National Debt Surpasses $20 Trillion for the First Time in U.S. History

On September 8, the same day that President Trump signed a bill into law that suspended the debt ceiling and enabled unlimited federal borrowing, the national debt reached and exceeded $20 trillion for the first time in U.S. history.

It’s not as though it was much better before Friday, however, as the debt ceiling has been sitting comfortably at approximately $19.8 trillion since March. However, as a result of President Trump’s deal with the Democrats that raised the debt ceiling and also provided federal aid to the victims of the recent hurricanes, the Treasury Department was able to begin immediately borrowing money following months of being forced to use “extraordinary measures” to avoid exceeding the debt ceiling.

https://www.thenewamerican.com/usnew...-in-us-history