#USNationalDebt The U.S. national debt refers to the total amount of money the federal government owes to creditors, both domestic and foreign. As of 2025, it exceeds $34 trillion, driven by years of budget deficits where government spending outpaced revenue. Major contributors include defense, Social Security, Medicare, and interest payments. Rising debt poses risks such as higher interest rates and reduced fiscal flexibility. Policymakers debate between spending cuts, tax reforms, and economic growth strategies to manage it. While the U.S. can borrow easily due to its global credit trust, unchecked debt growth could strain future generations and weaken economic stability.