National Debt Surpasses $22 Trillion

The national debt surpassed $22 trillion for the first time in American history.

The Treasury Department released the information earlier this week, following a report suggesting the debt issued during last year passed $1.3 trillion.  

Experts warn this could ultimately spike interest rates.

This information comes after President Trump implemented his $1.5 trillion tax reduction package, which has bolstered military funding significantly.

Ultimately, the reduced government revenue led to the increase in the government debt.

The U.S. government debt was at $19.95 trillion when President Trump began his term.

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