Show news feed

The debt of the US federal government to creditors hit the record $ 26 trillion amid the COVID-19 pandemic crisis, Decrypt reported referring to the US Treasury Department.

According to it, last month, the US national debt recorded $25 trillion, and $24 trillion a month prior, and this means that the US national debt is increasing at a rate of $1 trillion a month.

On April 24, Trump signed a bill on the next package of measures worth $ 500 billion, aimed at overcoming the COVID-19 pandemic consequences.

Earlier, the US Congress approved the allocation of $ 350 billion for these purposes, but by mid-April, the funds had been consumed. The previous package of stimulus measures worth over $ 2 trillion was adopted at the end of March. Democrats in the House of Representatives of Congress are currently seeking another $ 3 trillion.

This text available in   Հայերեն and Русский