Key facts about the U.S. national debt

Even before Congress passed President Donald Trump’s major tax and domestic policy legislation, the federal government was on track to spend $1.9 trillion more this fiscal year than it collected in revenue, according to the nonpartisan Congressional Budget Office (CBO). The CBO now projects that the recently signed “megabill,” as it’s been dubbed, will add nearly $3.4 trillion more in deficit spending over the next decade.