#USNationalDebt The U.S. national debt currently stands at approximately $36.2 trillion as of early June 2025 . That amount reflects:
• Debt held by the public: about $28.9 trillion
• Intragovernmental debt (what the government owes to itself): roughly $7.3 trillion 
This combined figure represents around 120–123% of U.S. GDP , approaching historic highs. For comparison:
• In May 2025 alone, the government ran a $316 billion deficit, and the current fiscal-year-to-date shortfall sits at roughly $1.4 trillion .
📈 Why it’s a big deal
• National debt is growing rapidly—about $1 trillion every quarter .
• Interest payments are skyrocketing; debt service is now a major chunk of government spending and could exceed $1 trillion annually soon .
• Wide-reaching concerns are emerging: economic experts warn of a potential “debt crisis”, with shrinking fiscal flexibility and rising borrowing costs .
Who holds this debt?
• About 75% is held domestically:
• Individuals, pension funds, mutual funds, Federal Reserve, and other U.S. government accounts .
• Roughly 25% is held by foreign investors—totaling around $9 trillion, including countries like Japan and the U.K. .
Recent developments
• U.S. credit rating was downgraded by Moody’s in May 2025, citing concern over rising debt .
• The Federal debt limit was recently reinstated at $36.1 trillion (Jan 2, 2025) —nearly matching current levels.
• Proposed fiscal legislation (e.g., the “One Big Beautiful Bill”) could add $2.5–5 trillion more over the next decade .
Bottom line
• The U.S. has one of the largest debt burdens in history, both in nominal terms and as a share of GDP.
• Borrowing costs are rising, and fiscal flexibility is weakening—prompting warnings of a possible long-term economic strain.
• Policymakers face difficult trade-offs: balancing tax cuts, spending, and the sustainability of public finances.
Would you like a breakdown of where exactly the debt is allocated, projections for future debt growth, or what policy tools could help address these challenges?