U.S. national debt jumps $2 trillion
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.