America’s National Debt Has Surpassed $31 Trillion

Government borrowing levels have soared since 2009
WASHINGTON, DC - JANUARY 26: A view of the Marriner S. Eccles Federal Reserve building on January 26, 2022 in Washington, DC. Following a two day meeting, Federal Reserve officials are set to release their January monetary policy decision which economists predict could be an increase in interest rates. (Photo by Anna Moneymaker/Getty Images)

At a glance

  • On Monday, as inflation reaches historic highs, interest rates rise, and economic uncertainties persist, the nation’s total public debt outstanding closed at $31.1 trillion.
  • This is the first time America’s national debt has surpassed $31 trillion dollars.
  • America’s outstanding public debt has nearly tripled since President Barack Obama took office on January 20, 2009.

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