#USNationalDebt U.S. National Debt

The U.S. national debt is the total amount of money the federal government owes to creditors, both domestic and foreign. It is made up of two main parts: public debt, which is held by individuals, companies, and foreign governments, and intragovernmental debt, which is money the government owes to itself, mainly to trust funds like Social Security. As of 2025, the national debt has surpassed $34 trillion, driven by years of budget deficits where government spending exceeds tax revenue. Major contributors include military spending, healthcare programs, tax cuts, and emergency responses like the COVID-19 stimulus. The debt is managed by the U.S. Treasury through the sale of Treasury bonds and other securities. While some view the growing debt as a serious threat to economic stability, others believe it is manageable if the economy continues to grow. The issue remains central to debates on government policy, taxes, and future financial planning.