#USNationalDebt

What is the national debt of the United States?

Simply put, the national debt of the United States is the total amount of money that the federal government owes to creditors. These creditors include individuals, companies, foreign governments, and investment funds that have purchased U.S. Treasury bonds and bills. When the government spends more money than it collects in taxes and other revenues, it borrows to make up for this shortfall, which increases the size of the debt.