Federal Debt Nears $20 Trillion for First Time

The federal debt moved above 19,900,000,000,000 for the first time as of the close of business, Nov. 22, the Tuesday before Thanksgiving, according to data released by the Treasury.

On that day, it rose from $19,899,004,081,493.50 to $19,907,540,739,514.52.

However, on Nov. 23, the day before Thanksgiving, the debt dropped back to $19,897,994,347,700,50, according to the Treasury.

No Treasury business was conducted on Thanksgiving.

But by the close of business on Nov. 25—“Black  Friday”–the debt had climbed back above $19,900,000,000,000, hitting 19,928,118,193,162.55.

On Monday, according to the Treasury, the federal debt continued to climb, closing the day on Nov. 28 at $19,929,184,161,352.13.

Thus, Thanksgiving week of 2016 marked the first time since the United States declared independence on July 4, 1776 that the debt of the federal government exceeded $19,900,000,000,000.

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SOURCE: Terence P. Jeffrey 
CNS News