#USNationalDebt

The US national debt is over $36.2 trillion, with debt held by the public reaching $29 trillion and intragovernmental holdings at $7.4 trillion as of March 6, 2025. This debt represents a significant burden on future generations, with potential implications for economic growth, interest rates and taxation. The Congressional Budget Office projects that federal debt held by the public will rise to 116% of GDP by 2034 and continue growing if current laws remain unchanged. The debt-to-GDP ratio has consistently increased since the 1970s, except during the presidencies of Jimmy Carter and Bill Clinton ¹ ².