05:09 GMT +320 November 2017
Live
    US National Debt Clock

    US National Debt Clock Removed in NY After Hitting Historic $20 Trillion Mark

    © Sputnik/ Tatyana Lukyanova
    Business
    Get short URL
    42786511

    After the US national debt reached the $20 trillion mark for the first time ever, a clock showing the debt in New York City has been removed.

    NEW YORK (Sputnik) — The billboard-sized running clock that in real time displays the US national debt has been removed from its location in New York City after the federal debt surpassed a historic $20 trillion mark last Friday, a Sputnik correspondent reported from the site.

    As of Tuesday morning, the clock was detached from its location on the southeast corner of 44th street and 6th Avenue in Manhattan, supposedly for physical updates to the display.

    On Friday, the US national debt reached the $20 trillion mark for the first time ever after President Donald Trump signed a bill temporarily raising the nation's debt limit for three months. The legislation allowed the US Treasury Department to begin borrowing again under "extraordinary measures" to avoid a financial default.

    Emergency funding to aid Hurricane Harvey relief was attached to the borrowing measure, amounting to $15 billion.

    Related:

    US Trade Goods Deficit Widens in July, but National Debt Drops
    'Zero Chance' US Congress Does Not Raise Debt Ceiling - McConnell
    US Household Debt Surges to New Record High
    High Household Debt, Weak Incomes Hurt US Mortgage Lenders
    Tags:
    US debt, United States, New York City
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment