National debt jumps $175 billion after debt ceiling suspended
Date: Feb 08, 2018 Source: http://www.washingtonexaminer.com/national-debt-jumps-175-billion-after-debt-ceiling-suspended/article/2648874 The national debt increased by $175 billion on Friday, the same day President Trump signed legislation that allowed new federal borrowing by effectively turning off the debt ceiling for more than a year. The debt ceiling was reimposed in December, at a level of about $20.494 trillion, and the U.S. was unable to borrow any money above that amount over the last two months. That pent-up borrowing demand led to an immediate spike in the debt on Friday, when the borrowing limit was suspended again. The government reported Monday that the new national debt was $20.699 trillion at the end of last week. The data lags by one business day. Friday's jump is the first of what is expected to be several increases in the national debt, which will now be allowed to grow unchecked for more than a year, through March 1, 2019. In light