The Return of Trillion Dollar Deficits

The end of the U.S. government’s 2018 fiscal year on September 30, 2018, was accompanied by a grim milestone for the U.S. national debt: the return of trillion dollar deficits.
As of September 28, 2018, the last business day of the fiscal year, the total public debt outstanding of the U.S. government stood at $21.516 trillion, an increase of $1.271 trillion over the level of $20.245 trillion, where it stood on September 29, 2017, the last business day of the government’s 2017 fiscal year.
Terence P. Jeffrey, who covers the national debt beat for CNSNews, puts the latest single-year trillion dollar increase

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