#USNationalDebt The US national debt is over $36.56 trillion, with debt held by the public at $29 trillion and intragovernmental holdings at $7.4 trillion as of March 6, 2025. This debt represents about 77% of the country's GDP, with foreign entities owning approximately 33% of the public debt.

*Key Components of US National Debt:*

- *Debt Held by the Public*: This includes Treasury securities held by investors outside the federal government, such as individuals, corporations, and foreign governments.

- *Intragovernmental Debt*: Non-marketable Treasury securities held in accounts of programs administered by the federal government, like the Social Security Trust Fund.

*Recent Trends:*

- The national debt has been increasing due to government spending and budget deficits.

- The COVID-19 pandemic led to a significant surge in debt, with the budget deficit reaching $3.3 trillion in fiscal year 2020.

- The Congressional Budget Office (CBO) projects that federal debt held by the public will rise to 116% of GDP by 2034 and continue growing if current laws remain unchanged.¹