(CNSNews.com) - The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury.
On Dec. 31, 2015, the last business day of 2015, the federal debt was $18,922,179,009,420.89. On Dec. 30, 2016, the last business day of 2016, it was $19,976,826,951,047.80.
The one-year increase in the federal debt during calendar year 2016 was therefore $1,054,647,941,626.91.
During President Barack Obama’s time in office the federal debt has increased by $9,349,949,902,134.72—rising from $10,626,877,048,913.08 on Jan. 20, 2009, the day of Obama’s inauguration, to $19,976,826,951,047.80 on the last day of 2016.
That equals $78,553.84 for each of the 119,026,000 households in the country as of September.
During 2016, while Democratic President Barack Obama controlled the White House, Republicans controlled both houses of Congress.