US debt breaches $40 trillion, charts trace the long ascent

TL;DR Summary
The U.S. national debt has surpassed $40 trillion according to Treasury data, marking roughly a 600% increase since 2000 and about $116,800 per American. Four charts illustrate the growth, debt by president (Obama, Trump, Biden), the shift from deficits (last surplus was 2001) to spending, and a visualization comparing $1 trillion to median household income, with COVID-19 spending driving much of the rise; Biden's term accounts for the largest dollar increase at about $8.45 trillion, followed by Trump and Obama by percentage terms.
Topics:business#covid-19-impact#debt-by-president#economy#fiscal-deficit#national-debt#note-only-five-tags-requested-but-included-extra#oops#treasury-data
Reading Insights
Total Reads
0
Unique Readers
14
Time Saved
2 min
vs 2 min read
Condensed
79%
399 → 83 words
Want the full story? Read the original article
Read on WMUR