#USNationalDebt

As of June 2025, the U.S. national debt stands at approximately $36.2–$36.56 trillion, which is about 122–123% of the country’s annual GDP—the highest level in U.S. history and among the highest globally. The debt has grown by over $1.5 trillion in the past year, averaging an increase of $4.27 billion per day. Interest costs to service this debt have risen sharply, reaching $776 billion annually and accounting for 16% of total federal spending in 2025.

The Congressional Budget Office projects that, without major policy changes, the debt-to-GDP ratio will continue to climb, reaching 156% by 2055. Key drivers include persistent budget deficits, rising interest rates, and increased spending on entitlement programs. Economists warn that this trajectory could slow economic growth, reduce investment, and lower wages for future generations. About one-quarter of U.S. debt is held by foreign entities