homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

February 14, 2019

National debt tops $22T: Should you be worried?

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — The government surpassed a dubious milestone this week: Its debt topped $22 trillion — that's trillion, with a “t'' — for the first time.

Piles of federal debt have been growing ever higher for years, fueled by accumulating annual deficits, which themselves have been driven by tax cuts, government spending increases and the mounting costs of Medicare and Social Security and interest on the debt itself.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.