Trump cuts US debt by USD 12bln in his first month in office

The US President Donald Trump has tweeted that he managed to decrease the US total public debt by USD 12 billion during his first month in office while the former President Barack Obama increased it by USD200 billion over the same period, the Washington Post reported.

Trump has also accused the media of turning the blind eye to this fact.

“The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo,” he said in his Twitter post.

He then added that he has “great optimism for future of the US business and jobs” and promised “big tax and regulation cuts.”

The figures presented by Trump coincide with the data issued by the US Treasury Department, according to which, on January 20th, the day of Trump’s inauguration, the overall US debt stood at USD 19,947 billion. On February 21st, a month later, the total US debt load amounted to USD 19,935 billion.

Moreover, between February 22 and February 23, the US debt fell by further USD 22 billion from USD 19,935 billion to USD 19,913 billion.

The US public debt really grew by more than USD 200 billion from USD 10,626 billion to USD 10,838 billion in Obama’s first month in office, according to the US Treasury data.