#USNationalDebt The U.S. national debt is the total amount of money the federal government owes to creditors, including individuals, businesses, and foreign governments. It grows when the government spends more than it collects in revenue, creating a budget deficit. Major spending areas include defense, Social Security, Medicare, and interest payments. As of 2025, the debt exceeds $34 trillion, raising concerns about future economic impacts. High debt can lead to higher interest rates, inflation, and less flexibility for future spending. Policymakers debate how to reduce it through spending cuts, tax increases, or economic growth. Managing the debt responsibly is a national priority.
