Federal Debt Tops $27 Trillion for First Time


The debt of the federal government topped $27 trillion for the first time on Thursday, October 1, when it climbed from an opening balance of $26,945,391,194,615.15 to a closing balance of $27,026,921,935,432.41,according to data published by the U.S. Treasury Department.

The federal debt had topped $25 trillion for the first time on May 5, 2020.

It then climbed another trillion dollars in just 35 days, topping $26 trillion for the first time on June 9.

Only 114 days elapsed from when the debt topped the $26-trillion threshold on June 9 to yesterday, when it topped $27 trillion for the first time.

Table III-C of the Daily Treasury Statement for Thursday, October 1, 2020 (shown below) indicates that the total public debt of the federal government rose from a closing balance of approximately $26,945,391,000,000 on September 30 to a closing balance of approximately $27,026,922,000,000 on October 1:

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