The US national debt has exceeded $ 20 trillion

The US national debt has exceeded $ 20 trillion

US government debt for the first time in history crossed the mark of 20 trillion dollars. On Monday, September 11, reports the Washington Examiner.

As noted, this happened after signing by the President of the United States Donald trump of the law on the temporary threshold increase of public debt. Trump went on the move on the condition that the American parliamentarians at the same time will adopt a package of Federal financial assistance to the victims of hurricane “Harvey”.

September 7, the Senate of the U.S. Congress extended the current budget and raised the debt ceiling until 8 December.

To help victims of the hurricane “Harvey” and “Irma” has been allocated is 15.25 billion.

September 2, the international Agency S&P warned that without a debt ceiling increase, the United States can face negative consequences comparable to the effects of the Lehman Brothers bankruptcy (it has become one of the causes of the global financial crisis of 2008). In October 2017 us Treasury should direct 81 billion dollars in the trust Fund of veterans of military service. If trump didn’t go on raising the debt ceiling, the US would have to declare technical default.