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Monday, October 14, 2019
HomeNewsEconomyTotal Public Debt Outstanding Fell $100 Billion Under Trump Administration

Total Public Debt Outstanding Fell $100 Billion Under Trump Administration

Director of the Office of Management and Budget Mick Mulvaney (L) and Treasury Secretary Steve Mnuchin (R) flank U.S. President Donald Trump as he hosts a "strategic initiatives" lunch at the White House in Washington, U.S., February 22, 2017. (Photo: Reuters)
Director of the Office of Management and Budget Mick Mulvaney (L) and Treasury Secretary Steve Mnuchin (R) flank U.S. President Donald Trump as he hosts a "strategic initiatives" lunch at the White House in Washington, U.S., February 22, 2017. (Photo: Reuters)

Director of the Office of Management and Budget Mick Mulvaney (L) and Treasury Secretary Steve Mnuchin (R) flank U.S. President Donald Trump as he hosts a “strategic initiatives” lunch at the White House in Washington, U.S., February 22, 2017. (Photo: Reuters)

Total public debt outstanding has declined more than $100 billion under the Trump Administration, according to the latest figures from the U.S. Treasury Department.

On January 20, 2017, the day President Donald Trump was inaugurated, total public debt for the U.S. stood at $19,947,304,555,212, or nearly $20 trillion. It continued to increase and fluctuate incrementally, reaching a high of $19,959,593,604,841 on February 28, 2017.

But then it started to fall and has generally continued to decline ever since. There has been no significant increase since it bounced back up to $19,902,604,401,637 on March 14, 2017.

As of July 27, 2017, total public debt for the U.S. stood at $19,844,938,940,351, a decline of more than $100 billion. Debt held by the public fell from $14,403,704,176,388 to $14,358,389,871,592.

The U.S. Treasury Department publishes data every business data on the total public debt. Intragovernmental holdings fell from $5,543,600,378,823 to $5,486,549,068,758.

View this period here.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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