If Republicans pass their tax and spending megabill, the record will arrive even sooner — putting America’s debt at more than 113 percent of the size of its entire economy.
The legislation includes tax cuts as well as big cuts to Medicaid, food benefits and other programs, and it would add more than $3 trillion to the national debt.
Deep within obscure footnotes, the Trump administration is claiming more of Congress’s constitutional power of the purse by threatening to block funding.