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Under Trump's watch, national debt tops $21 trillion for first time ever
Another milestone for The Donald and the GOP.
Related: US National Debt Clock
By Kathryn Watson - March 17, 2018
About a year ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury. The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019. When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher. But the ever-increasing national debt isn't a frequent topic for Mr. Trump, and when it does come up, he doesn't seem too concerned. He's said he's open to eliminating the debt ceiling entirely.
Another milestone for The Donald and the GOP.
Related: US National Debt Clock