The national deficit topped $1 trillion in the first 11 months of the fiscal year, the Treasury Department said this week.
President Donald Trump said as a candidate in 2016 that he would completely eliminate the national debt within eight years. But the US has moved the opposite direction since then as spending steadily outpaced receipts. Visit the Markets Insider homepage for more stories. President Donald Trump has for years criticized politicians on both sides of the aisle for the size of the federal debt. But it has continued to jump on his watch, surpassing $22 trillion this year.
President Donald Trump said as a candidate in 2016 that he would completely eliminate the national debt within eight years. But the US has moved the opposite direction since then as spending steadily outpaced receipts. Visit the Markets Insider homepage for more stories. President Donald Trump has for years criticized politicians on both sides of the aisle for the size of the federal debt. But it has continued to jump on his watch, surpassing $22 trillion this year.
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