#USNationalDebt US national debt increases by $1 trillion every three months

The US has $36 trillion in debt. What does that mean, and who owns it?

The US has the highest national debt in the world, a quarter of which is owned by other countries.

The United States has the highest amount of national debt in the world, owing some $36 trillion or 122 percent of its annual economic output.To cover this deficit, the government borrows more money. To ensure that borrowing is subject to legislative approval, the US Congress sets a limit to how much the government can borrow to fund existing obligations like Social Security, healthcare and defence. This limit is known as the debt ceiling