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The New York Times reported on June 10, 2020, that "the United States budget deficit grew to a record $1.88 trillion for the first eight months of this fiscal year." [ 133 ] The US economy recovered from the COVID-19 pandemic in 2021, growing by 5.7%, which was its best performance since Ronald Reagan 's presidency (1981–1989).
The solution appears very obvious if the owner withdraws every day only $10 from $50. To add up 40 + 30 + 20 + 10 using the same pattern from above would be too obviously wrong (result would be $100). The answer to the question, "Where did the extra dollar come from?” can be found from consecutively adding the bank rest from three different days.
The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [ 83] Interest on the debt was $404 billion.
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