Land of free and indebted: U.S. debt surpasses historical $20 trillionStaff Writer | September 13, 2017
For the first time in its history, the United States federal government has more than $20 trillion in outstanding debt.
America U.S. debt exceeds GDP
Trump on Friday signed legislation that extends federal government funding and the debt ceiling through December 8.
Mr. Trump shocked many Republicans by cutting an unexpected deal with House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer last Wednesday, which permitted the three-month debt-ceiling raise in exchange for quick action on Harvey aid and short-term spending.
He also signed for allowing the Federal borrowing limit to extend until same as given date. ■