National debt – record increase after debt limit suspended
November 5, 2015
WASHINGTON — The U.S. national debt shot up $339.1 billion Tuesday — the largest daily increase in the national debt in history, according to Treasury Department data. The previous records for one-day increases in the national debt have all come under similar circumstances:A $328.2 billion increase after the government shutdown ended on Oct. 17, 2013, and a $238.3 billion increase the day after Obama signed the Budget Control Act into law on Aug. 2, 2011.
The debt rose again by $40 billion Wednesday, the Treasury Department reported, and now stands at more than $18.5 trillion.