INJOOn Friday, the United States's national debt surpassed $20 trillion for the first time in the nation's history.

Prior to Friday, the debt wasn't legally able to exceed $19.84 trillion, but Trump's signature on a debt ceiling hike allowed the Treasury Department to borrow enough money to reach this historic high. According to the Washington Examiner, debt jumped more than $300 billion to $20.162 trillion that day.

That quick injection of debt followed a five-month time period in which the Treasury had to take “extraordinary measures” to prevent borrowing more than the $19.84 limit.

Debt is likely to increase more as the Trump administration considers steep corporate tax cuts and at least $1 trillion in new infrastructure spending. 

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