Thursday, July 10, 2025
The US 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 US government, the Federal Reserve and pension funds own around 40% of the national debt, while another 40% is held by foreign governments and investors. The nation’s debt climbed to a record $21.93 trillion at the start of 2019, a 7% increase from January 2018.
