Federal Debt Has Now Climbed $3 Trillion Under Biden

Terence P. Jeffrey | August 26, 2022 | 5:57pm EDT
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(CNSNews.com) - The federal debt has now increased by more than $3 trillion during President Joe Biden’s time in office, according to the numbers published by the U.S. Treasury on its “Debt to the Penny” webpage.

On Jan. 20, 2021, the day Biden was inaugurated, the total federal debt was $27,751,896,236,414.77.

As of the close of business on Aug. 25, 2022, the latest day for which the Treasury has released the debt numbers, the total federal debt stood at $30,824,380,608,762.88.

That debt of $30,824,380,608,762.88 is $3,072,484,372,348.11 more than the $27,751,896,236,414.77 in total federal debt at the time of Biden’s inauguration.

As of the close of business on Aug. 24, 2022, the total federal debt had been $30,751,828,350,400.15. At that point, the debt had risen $2,999,932,113,985.38—not quite hitting the $3 trillion mark.

When President Donald Trump was inaugurated on Jan. 20, 2017, the total federal debt was $19,947,304,555,212.49.

By the time of Biden’s inauguration, four years later, it had risen $7,804,591,681,202,28 to $27,751,896,236,414.77.

 
 

 

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