National debt passes $25 trillion, less than a month after hitting $24 trillion

by Jordyn Pair · May 7th, 2020 8:48 am

The national debt surpassed $25 trillion on Wednesday, hitting an all-time high as Congress continues to approve massive spending to fight the coronavirus pandemic.

The debt passed $24 trillion less than one month ago and reached $23 trillion on November 1, 2019. Overall, the national debt has increased more than $5 trillion during President Trump's presidency.

Trump signed the third relief bill package at the end of March. The $2.2 trillion bill was aimed at easing economic concerns of small businesses, large corporations, and workers, also allocating $1,200 in direct payments to most U.S. citizens. Trump also signed an additional $484 billion coronavirus relief bill at the end of April targeted at small businesses, hospital costs, and increased testing efforts.

House Democrats are currently considering another $1 trillion measure that will provide aid to states, hazard pay for frontline workers, and a bailout for the U.S. Postal Service.


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