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USA's statsgæld er fordoblet på under et årti

From Berlingske · () Danish

Summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • USA's total national debt has surpassed $40 trillion (over 256 trillion Danish kroner), according to U.S. Treasury Department data.
  • The national debt has more than doubled since Donald Trump's first inauguration in 2017.
  • Approximately one-third of the increase occurred during the COVID-19 pandemic under Presidents Trump and Biden, with the remainder due to fiscal policies and a persistent imbalance between taxes and spending.

The total national debt of the United States has climbed to over $40 trillion, equivalent to more than 256 trillion Danish kroner, according to data released by the U.S. Treasury Department on Wednesday. This significant increase means the national debt has more than doubled since January 2017, when Donald Trump was first inaugurated as president.

Roughly one-third of this dramatic rise in debt occurred during the two years marked by extensive government borrowing to finance the response to the COVID-19 pandemic. This period spanned the end of the Trump administration and the beginning of President Joe Biden's term. The remaining increase is attributed to a combination of fiscal decisions made by both presidents and a long-standing imbalance between the government's tax revenues and its expenditures.

During Donald Trump's two terms in the White House, the national debt increased by a total of $11.6 trillion (approximately 74 trillion Danish kroner). Subsequently, under President Joe Biden's four-year leadership, the national debt grew by $8.4 trillion (nearly 54 trillion Danish kroner). These figures highlight a consistent trend of increasing national debt across different administrations.

DistantNews Editorial

Originally published by Berlingske. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.