It’s Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day

It’s Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day:

Following President Trump’s sign off last Friday on a short-term debt-ceiling/government funding/hurricane aid deal (thanks to Democrats’ votes), the US Treasury was finally freed from the shackles of the debt ceiling which it hit nearly one year ago  and which meant that US federal debt would be at roughly $19.808 trillion for months.

Well, no more: according to the latest Daily Trasury Statement as of Friday, total US debt surged by $317.6 billion from its Thursday closing print of $19.845 trillion, following the short-term debt suspension which kicked the can through December 8, to finally rise above the “psychological barrier” of $20 trillion, or $20,162,176,797,904.13 to be precise.

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