The White House conceded that the national debt will increase by $9 trillion over the next ten years, nearly doubling a national debt that now stands at $11.67 trillion.
Until now, the White House had been estimating that the national debt would increase by $7.108 trillion between 2010 and 2019.
On Friday evening, Reuters reported that an unnamed senior administration official was saying that a report due from the Office of Management and Budget would indicate that the debt would actually increase by $9 trillion during that period, almost $2 trillion more than the administration had previously estimated.
How much is a Trlilion Dollars?
How much is $9 Trillion?
National Debt, running chart