National Debt Rose $1.2 Trillion In FY 2018

The Washington Examiner reports:

The national debt rose more than $1.2 trillion in the fiscal year that just concluded on Sept. 30, according to a government website that tracks the debt. The total national debt was $20.245 trillion on the last business day of fiscal year 2017. On the last business day of fiscal year 2018, which was Friday, Sept. 28, the total debt had grown to $21.516 trillion. Friday was the first day in history the national debt rose above $21.5 trillion.

In addition to the $1.2 trillion increase in the national debt in the last fiscal year, it took a little more than six months for the debt to rise from $20 trillion to $21 trillion. Conservatives in Congress have complained that spending remains unchecked, which will lead to only higher deficits in the years to come. But they could only watch in February when GOP leaders and President Trump reached a two-year spending deal that is set to boost federal spending by a total of $300 billion in fiscal years 2018 and 2019.