U.S. national debt jumps $2 trillion

The U.S. national debt soared from $9.2 trillion at the start of the financial crisis to almost $22 trillion at the beginning of 2019, $2 trillion higher than when President Donald Trump took office


U.S. national debt ($ trillions*)

Public debt

Intra-government debt owed to federal agencies

2009: War on Terror, Hurricane Katrina and stimulus package add $1,289.5bn.
Interest on debt: $187bn

2018: Trump tax cuts add $1.9 trillion to debt over 10 years

2019: Interest on debt hits $363bn


9.20	10.63	12.29	14.00	15.22	16.44 	17.31 	18.08 	18.90 	19.93 	20.49	21.93
4.08	4.31	4.49	4.61	4.74	4.86	4.98	5.08	5.23	5.50	5.66	5.84
5.12	6.32	7.80 	9.39	10.48	11.58	12.33	13.00	13.67	14.43	14.83	16.09
2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019

George W. Bush 		Barack Obama 					Donald Trump

Budgets are submitted to Congress in Feb. Budget years run from Oct 1 through Sep 30


Who owns the debt?

Public debt

42% Foreign governments, investors

23% Federal Reserve,government 

16% Pension funds, savings

7% Banks, insurance companies

12% Other

Intragovt. debt

50% Social security, disability insurance

20% Military retirement

16% Personnel retirement

11% Cash on hand

3% Medicare
  

*$1 trillion = $1,000,000,000,000


Sources: CNN, U.S. Treasury, The Balance
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