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The US national debt topped $35 trillion in recent days, ... showed a gross debt level of $35.001278 ... The debt rose by nearly $8 trillion during former President Donald Trump's time in the Oval ...
The national debt was up to $80,885 per person as of 2020. [153] The national debt equated to $59,143 per person U.S. population, or $159,759 per member of the U.S. working taxpayers, back in March 2016. [154] In 2008, $242 billion was spent on interest payments servicing the debt, out of a total tax revenue of $2.5 trillion, or 9.6%. Including ...
With President-elect Donald Trump now set to lead the nation, the federal government must prioritize addressing its unsustainable debt, which is now near 100% of gross domestic product.
The fiscal policies of the Trump administration added twice the amount to the national deficit as have President Biden’s, a new analysis has found. Trump’s administration borrowed $8.4 ...
The National Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family's share of the debt. As of 2017 [update] , it is installed on the western side of the Bank of America Tower , west of Sixth Avenue between 42nd and 43rd Streets in Manhattan , New York City .
Gross US Federal Debt as a Percentage of GDP, by political party of President Debt held by the public reached a high of 49.5% of GDP at the beginning of President Clinton 's first term. However, it fell to 34.5% of GDP by the end of Clinton's presidency due in part to decreased military spending, increased taxes (in 1990 , 1993 and 1997 ), and ...
It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it ... former President Donald Trump added $8 trillion to the debt during his four years in office ...
US debt clock on Monday, Oct. 30, 2023. ... in stimulus spending in bills signed by both President Trump and President Biden. That’s basically how we got from a $6 trillion national debt in 2001 ...