#USNationalDebt The US national debt is approximately $36.56 trillion, with $29 trillion held by the public and $7.4 trillion in intragovernmental debt. To break it down further:

- *Total Federal Debt*: $36.56 trillion

- *Debt Held by the Public*: $29 trillion, roughly 77% of GDP in 2017

- *Intragovernmental Debt*: $7.4 trillion, representing cumulative surpluses of various government programs invested in Treasury securities

The national debt has been increasing due to government spending and budget deficits. Factors contributing to this growth include ¹:

- *Tax Cuts*: Reduced corporate tax revenue, such as the Tax Cuts and Jobs Act of 2017

- *Increased Spending*: Higher government spending, including bipartisan budget agreements and emergency economic relief

- *Aging Demographics and Healthcare Costs*: Rising costs for programs like Medicare and Social Security

The Congressional Budget Office (CBO) projects that federal debt held by the public will rise from 99% of GDP in 2024 to 116% in 2034, driven by growth in interest costs and mandatory spending.