U.S. National debt jumps 2 trillion dollars

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The U.S. national debt has reached a new high.

The Treasury Department released its latest numbers Thursday.
It says at the end of last year the national debt stood at 21.974 trillion dollars.
That’s more than two trillion dollars higher than when President Trump took office.
The debt has bounced up in part because of tax cuts passed at the end of 2017.
A Republican Congress also drastically cut the corporate tax rate and cut revenue for the treasury.

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