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

-
World1 day ago
Gas pipeline explosion sparks large fire in Malaysia
-
Health1 week ago
3-year-old child dies from H5N1 bird flu in Cambodia
-
World1 week ago
Magnitude 6.7 earthquake strikes off southern New Zealand; tsunami advisory issued
-
World3 days ago
Strong 7.0 earthquake strikes near Tonga; tsunami warning briefly issued
-
Health1 week ago
UK confirms world’s first case of H5N1 bird flu in a sheep
-
Legal5 days ago
Idaho Amber Alert: Camilia Perez abducted in Nampa
-
Legal1 day ago
Texas Amber Alert: Emmett and Apollo Castilleja abducted in Rockdale
-
World1 week ago
Van crash in northern Mexico kills 11; triggers wildfire