Federal Debt Tops $19,400,000,000,000

Federal Debt Tops $19,400,000,000,000

Federal Debt Tops $19,400,000,000,000

The federal debt moved above $19,400,000,000,000 for the first time as of the close of business on Tuesday, according to the data released today by the U.S. Treasury.

At the close of business on Monday, July 18, the total federal debt was $19,391,094,247,028.26, according to the Treasury. By the close of business on Tuesday, July 19, it had risen to $19,402,361,890,929.46.

On Friday, Oct. 30, 2015, Congress passed the “Bipartisan Budget Act,” which suspended the legal debt limit until March 15, 2017. President Obama signed that bill into law on Monday, Nov. 2, 2015

At the close of business on Oct. 30, the federal debt stood at $18,152,981,685,747.52.

 

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