#USNationalDebt

The U.S. national debt refers to the total amount of money the federal government owes to creditors, both domestic and foreign. As of 2025, it exceeds $34 trillion, driven by decades of budget deficits where government spending surpasses revenue. Major contributors include defense, healthcare, Social Security, and interest on existing debt. The debt is financed by issuing Treasury securities. While manageable in the short term, rising debt can increase borrowing costs and reduce fiscal flexibility. Economists debate its long-term impact, with some urging spending cuts or tax reforms, while others stress investment in growth to sustain economic stability.