Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days

(Photo by Alex Wong/Getty Images)

(CNSNews.com) – The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department.

The federal debt had topped $24 trillion for the first time on April 7, 2010.

It then climbed another trillion dollars in just 28 days, topping $25 trillion for the first time on May 5.

Only 35 days had elapsed from when the debt topped that $25-trillion threshold on May 5 to yesterday, when it topped $26 trillion for the first time.

The chart below shows the date on which the federal debt surpassed each trillion-dollar threshold from $5 trillion to $26 trillion:

 

The 28-day climb from $24 trillion in debt to $25 trillion and the 35-day climb from $25 trillion to $26 trillion are the two fastest periods in which the federal debt has risen from one trillion-dollar threshold to another.

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.

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