The public debt held by the United States has surpassed $19 trillion, an increase of more than $8 trillion during the presidency of Barack Obama, according to estimates from the U.S. Treasury Department.
The total public debt was 19,012,827,698,417.93 on Monday, of which $13.6 trillion is debt held by the public and $5.3 trillion are intragovernmental holdings. The daily estimate was released by the U.S. Treasury Department on its website.
The public debt has significantly increased during the presidency of Obama, who took office in January 2009. According to Treasury Department estimates, the total public debt was $10.6 trillion on the day of Obama’s inauguration, which marks an increase of $8.38 trillion when compared with Monday’s debt.
The Congressional Budget Office (CBO) expects that the national debt will reach $22.6 trillion by 2020, and $29.3 trillion by 2026.
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