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IPFS News Link • Government Debt & Financing

Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days

• https://www.cnsnews.com,

The federal debt had topped $24 trillion for the first time on April 7, 2020.

It then climbed another trillion dollars in just 28 days, topping $25 trillion for the first time on May 5.

Only 35 days had elapsed from when the debt topped that $25-trillion threshold on May 5 to yesterday, when it topped $26 trillion for the first time.

The 28-day climb from $24 trillion in debt to $25 trillion and the 35-day climb from $25 trillion to $26 trillion are the two fastest periods in which the federal debt has risen from one trillion-dollar threshold to another.


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