The US public debt for the first time in history crossed the mark of 20 trillion dollars. This is on Monday, September 11, reports Washington Examiner. As noted, this happened after the signing by President of the United States of America Donald Trump of the law on the temporary increase of the national debt threshold. Trump took this step on the condition that the US parliamentarians simultaneously accept a package of federal financial assistance to the victims of the hurricane Harvey. On September 7, the US Senate extended the current budget and raised the debt ceiling until December 8. To help victims of the hurricanes "Harvey" and "Irma" were allocated 15.25 billion dollars.
On September 2, the international agency S & P warned that without raising the ceiling of the national debt, the US could face negative consequences comparable to the consequences of the bankruptcy of Lehman Brothers (it became one of the reasons for the global financial crisis of 2008). In October 2017, the US Ministry of Finance should send $ 81 billion to the trust fund of veterans of military service. If Trump did not go to increase the ceiling of the national debt, then the US would have to declare a technical default.
The State debt of the USA for the first time exceeded 20 trillion dollars.