#USNationalDebt The national debt of the United States (US national debt) represents the total amount of money that the federal government owes to domestic and foreign creditors. This debt increases when public spending exceeds tax revenue. It is divided into public debt (held by investors) and intragovernmental debt (held by federal agencies). As of June 2025, it exceeds 34 trillion dollars, raising concerns about fiscal sustainability and future economic stability. Some economists warn about its effects on interest rates and growth, while others argue that it can be managed if the economy grows. Congress controls the borrowing limits through the debt ceiling.