The Treasury Department reported on Tuesday that for the first time, the national debt has soared above $22 trillion.
The national debt was at $19.95 trillion when President Trump took office. Over the last month, the national debt increased by $30 billion to $22.012 trillion, quickly rising due to the 2017 Republican tax bill and an increase in domestic and military spending. Experts say this could lead to an increase in interest rates, and make it more difficult for the government to cover programs.
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