#USNationalDebt

The U.S. national debt is the total amount of money owed by the federal government. As of **June 2024**, it exceeds **$34.7 trillion** (over 120% of GDP).

### **Key Points:**

- **Causes:** Deficit spending, tax cuts, stimulus programs, and rising interest costs.

- **Recent Growth:** Increased sharply due to COVID-19 relief, infrastructure spending, and other policies.

- **Debt per Citizen:** ~$103,000

- **Concerns:** High debt may lead to higher interest rates, inflation, or reduced future spending flexibility.

Would you like a more detailed breakdown or historical trends?