Business
U.S. national debt tops $30 trillion for the 1st time

The public debt held by the United States has surpassed $30 trillion for the first time, an increase of nearly 10 trillion in less than five years, in part because of government spending due to the coronavirus pandemic.
The total public debt was $30,012,386,059,238.29 on Tuesday, of which $6.5 trillion are intragovernmental holdings and $23.5 trillion is debt held by the public. This is up by 1 trillion in just 1.5 month and more than 2 trillion in just over a year.
The national debt nearly doubled during Barack Obama’s presidency but accelerated even faster under President Donald Trump, in part because of the Republican overhaul of the U.S. tax code in 2017 but also because of the coronavirus pandemic.
The budget deficit totaled $2.77 trillion in 2021, second to only the prior year, when a massive surge in government spending as a result of the pandemic pushed the deficit to $3.13 trillion. Deficits are expected to add another $12 trillion to the national debt over the next decade.
History of the U.S. national debt
- 1783: $43 million (the first public debt)
- 1800: $82.9 million
- 1835: $0
The entire public debt was paid off under President Andrew Jackson. - 1845: $15.9 million
- 1860: $64.8 million (before the Civil War)
- 1865: $2.6 billion (after the Civil War)
- 1893: $1.5 billion
- 1914: $2.9 billion (before World War I)
- 1919: $27.3 billion (after World War I)
- 1930: $16.1 billion
- 1939: $40.4 billion (before World War II)
- 1946: $269.4 billion (after World War II)
- 1963: $305.8 billion
- 1975: $533.1 billion
- 1982: $1 trillion
- 1996: $5 trillion
- 2008: $10 trillion
- 2017: $20 trillion
- 2022: $30 trillion

-
US News6 days ago
Magnitude 5.7 earthquake strikes between Dominican Republic and Puerto Rico
-
Health1 week ago
Cambodia reports 6th H5N1 bird flu case this year
-
World6 days ago
Magnitude 6.3 earthquake strikes offshore the Philippines
-
US News3 days ago
Small meteorite fragment may have struck Georgia home
-
Legal3 days ago
Armed woman blocks traffic on freeway in Houston, Texas
-
Legal6 days ago
No threat found after vehicle investigated near White House
-
US News7 days ago
Iran warned of sleeper-cell terror in U.S. before nuclear strikes – NBC News
-
Politics1 week ago
Appeals court allows Trump keep control of National Guard in L.A.