#USNationalDebt The U.S. national debt is the total amount of money the federal government owes to creditors. It grows when government spending exceeds revenue, requiring borrowing through Treasury bonds and other securities. As of 2025, the debt surpasses $34 trillion, driven by persistent budget deficits, military spending, social programs, and interest payments. High debt levels can affect economic stability, leading to higher interest rates and reduced fiscal flexibility. While borrowing supports growth during downturns, unchecked debt may burden future generations. Policymakers debate solutions like tax reform, spending cuts, and entitlement changes to manage and reduce the national debt over time.