How $40 Trillion National Debt Grew Under Trump Compared to Biden and Obama
Summary
The United States’ national debt has reached over $40 trillion for the first time. The debt grew under recent presidents, including President Trump, President Biden, President Obama, and President George W. Bush, due to factors like wars, recessions, and emergency spending.Key Facts
- The national debt is about $40.05 trillion as of this week.
- When President Trump first took office in January 2017, the debt was around $19.95 trillion.
- Debt increased by about $11.6 trillion during President Trump’s combined terms (including his current term starting in 2025).
- Under President Biden, the debt grew by roughly $8.4 trillion in four years.
- During President Obama’s eight years, the debt rose by about $9.3 trillion.
- The increase under President George W. Bush was roughly $4.9 trillion over eight years.
- The debt includes $32.27 trillion held by investors and $7.78 trillion held within the government itself.
- Interest payments on the debt are near $1.2 trillion yearly, becoming one of the government’s biggest expenses.
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