Sunday, July 03, 2016

National debt jumps nearly $100 billion in one day to record high

National debt jumps nearly $100 billion in one day to record high | Washington Examiner:
"The U.S. national debt is creeping up again, after holding steady for the last few months thanks to the annual flood of individual and corporate tax receipts.
Image result for National Debt Under Obama ChartTotal government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before.
It's the first time it has ever exceeded $19.3 trillion.
The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office.
...The federal government collected a record high $1.48 trillion in tax revenues in the first half of the year, which helped offset growth in the deficit over the last few months..."

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