{"id":18645,"date":"2020-06-12T14:59:40","date_gmt":"2020-06-12T21:59:40","guid":{"rendered":"https:\/\/setapartbytruth.org\/wordpress-watchman\/?p=18645"},"modified":"2020-06-12T14:08:12","modified_gmt":"2020-06-12T21:08:12","slug":"us-national-debt-hits-26-trillion-soaring-by-1-trillion-just-in-one-month","status":"publish","type":"post","link":"https:\/\/setapartbytruth.org\/wordpress-watchman\/us-national-debt-hits-26-trillion-soaring-by-1-trillion-just-in-one-month\/","title":{"rendered":"US national debt hits $26 TRILLION, soaring by $1 trillion just in one month"},"content":{"rendered":"

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RT – June 11, 2020<\/p>\n

The latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from the Covid-19 pandemic.<\/p>\n

National debt is up from $23.5 trillion in March, with an increase of $1 trillion since May 5. According to CBS News, citing data from the Treasury, public debt has grown by $6 trillion since President Donald Trump took office in 2017.<\/p>\n

\u201cThe Treasury Department notes that the growth in public debt was caused by the allocation of funds for the COVID-19 pandemic counteraction program and the pandemic-related tax deferral,”<\/em> CBS reported.<\/p>\n

The US government has allocated trillions of dollars in coronavirus relief since the start of the pandemic. The so-called CARES Act (Coronavirus Aid, Relief and Economic Security) was adopted in March and earmarked $2 trillion, while the $3 trillion HEROES Act (Health and Economic Recovery Omnibus Emergency Solutions) was passed by the House of Representatives in May.<\/p>\n

According to the Treasury\u2019s monthly report, the federal government budget deficit for the first eight months of the current fiscal year (which started on 1 October 2019) has reached $1.88 trillion \u2013 already higher than any full fiscal year deficit in US history.The 2020 eight-month deficit more than doubled the $738.6 billion deficit for the same period in the 2019 fiscal year.<\/p>\n

https:\/\/www.rt.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

RT – June 11, 2020 The latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from the Covid-19 pandemic. National debt is up from $23.5 trillion in March, with an increase of $1 trillion since May … Continue reading US national debt hits $26 TRILLION, soaring by $1 trillion just in one month<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[18],"tags":[5011,15011,15010,36,3949,1480,149,2300,821],"class_list":["post-18645","post","type-post","status-publish","format-standard","hentry","category-warning","tag-budget-deficit","tag-cares-act","tag-covid-19-pandemic","tag-disaster","tag-donald-trump","tag-economic-recovery","tag-economy","tag-treasury-department","tag-united-states"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8fAkI-4QJ","_links":{"self":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/18645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/comments?post=18645"}],"version-history":[{"count":1,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/18645\/revisions"}],"predecessor-version":[{"id":18647,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/18645\/revisions\/18647"}],"wp:attachment":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/media?parent=18645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/categories?post=18645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/tags?post=18645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}