Federal Debt Climbs $1,054,647,941,626.91 in 2016 Check out the picture with all the smiles!
(CNSNews.com) – The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury.
On Dec. 31, 2015, the last business day of 2015, the federal debt was $18,922,179,009,420.89. On Dec. 30, 2016, the last business day of 2016, it was $19,976,826,951,047.80.
The one-year increase in the federal debt during calendar year 2016 was therefore $1,054,647,941,626.91.