From Yahoo!Finance:Fast forward, November 2, 2019: US debt surpasses $23 trillion for the first time.
The U.S. government has officially hit its debt ceiling. Beginning today, the Treasury Department is taking “extraordinary measures” to keep the government from defaulting on its debt which now exceeds $18 trillion.A suggestion: starting exporting US oil. LOL.
Of the $23 trillion figure, just under $17 trillion was in the category of debt held by the public, which is a more useful gauge of the debt the government has to pay down, and the number typically used in calculating the nation's debt burden. The other $6 trillion comes from loans within government bodies.So, not to worry. The "$23 trillion" is simply a milestone, and one that arrived on/about Halloween, 2019.
Debt doesn't matter -- Nobel Laureate Paul Krugman.
Link here.
Link here.
July 22, 2019, two-year debt ceiling deal between the White House and Congress.
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