Federal Debt Tops $19,900,000,000,000—On Black Friday

The federal debt moved above 19,900,000,000,000 for the first time as of the close of business, Nov. 22, the Tuesday before Thanksgiving, according to data released by the Treasury. On that day, it rose from $19,899,004,081,493.50 to $19,907,540,739,514.52. However, on Nov. 23, the day before Thanksgiving, the debt dropped back to

$19,897,994,347,700,50, according to the Treasury. No Treasury business was conducted on Thanksgiving. But by the close of business on Nov. 25—“Black Friday”–the debt had climbed back above $19,900,000,000,000, hitting 19,928,118,193,162.55. READ MORE