Photo Credit: Human Events

By Tyler Durden.

Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.

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Chart from U.S. Department of Treasury Shows Alarming Milestone the National Debt Just Passed

By Pete Kasperowicz.

The U.S. national debt hit $18 trillion for the first time on Friday, according to the U.S. Treasury Department.

A website that tracks the national debt said it rose to $18.005 trillion, a jump of more than $40 billion from two days prior. There was no figure given for Thanksgiving, a holiday.

The milestone is likely to renew Republican scrutiny over the federal government’s spending habits, just as the GOP is set to widen its majority in the House and resume control of the Senate in 2015. While Republicans have made a point of saying they would use their new control of Congress to fight Obamacare and ease federal regulations, they have also made a point of saying debt reduction is critical.

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