National debt passes $30 trillion for the first time in U.S. history

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(Worthy News) – The U.S. national passed $30 trillion for the first time in U.S. history on Tuesday, according to Treasury Department data.

When President Biden took office, the national debt stood at $21.6 trillion.

The federal government ran a budget of $2.8 trillion in fiscal year 2021, according to the Bipartisan Policy Center.

The deficit slightly decreased in FY2021 from a record $3.1 trillion in FY2020, which was the year the pandemic began, resulting in historic levels of stimulus spending. [ Source: JUst the News (Read More…) ]

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