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.