The public debt of Americans has surpassed $21 trillion for the first time, breaking the $20 trillion mark in September of last year.
Economists expect that the lack of revenue due to the tax reform based on cuts and the strengthening of public spending will cause further growth in the budget deficit on a monthly basis, writes MarketWatch.
>>>UN: Trump’s tax reform could result in the ‘repatriation’ of $2 trillion
The U.S. recorded a deficit of $215 billion in February, 12 percent higher than the previous month.
President Donald Trump suspended budget limit rules in February, opening the door to unlimited borrowing until March 1, 2019.
