• MILITARY: Brazil-France submarine programme (Graphic DUE Mar 28, 15:00GMT)
  • SPACE: Calls for protected moon sites (Graphic DUE Mar 28, 16:00GMT)
  • ACCIDENT: Why did Baltimore bridge collapse? (Graphic DUE Mar 28, 17:30GMT)
  • For full details of graphics available/in preparation, see Menu -> Planners
Graphic shows U.S. national debt from January 2008 to January 2019.
GN38677EN

BUSINESS

U.S. national debt jumps $2 trillion

By Duncan Mil

January 11, 2019 - The U.S. national debt soared from $9.2 trillion at the start of the financial crisis to almost $22 trillion at the beginning of 2019, more than $2 trillion higher than when President Donald Trump took office.

The U.S. government, the Federal Reserve and pension funds own around 40 per cent of the national debt, while another 40 per cent is held by foreign governments and investors, according to the U.S. Treasury.

Foreign governments, led by the Chinese and Japanese, owned $6.6 trillion. Those two countries have cut their stakes since 2015, but each state still holds more than $1 trillion worth of Treasury bonds and notes.

The nation’s debt climbed to a record $21.93 trillion at the start of 2019, a seven per cent increase from January 2018.

Sources
PUBLISHED: 11/01/2019; STORY: Graphic News
Advertisement