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U.S. National Debt Just Topped $22 Trillion

Video Credit: Wochit - Duration: 00:46s - Published < > Embed
U.S. National Debt Just Topped $22 Trillion

U.S. National Debt Just Topped $22 Trillion

On Monday according to the U.S. Treasury department, the US national debt topped $22 trillion for the first time in history.

Business Insider reports that the record follows a year where the budget deficit was $779 billion, the highest since 2012, and the amount of debt issues topped $1.3 trillion, the most since 2010.

A debate is growing around how much the nominal amount of government debt really matters to the economy.

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