#USNationalDebt The national debt of the United States represents the total amount that the federal government has borrowed and has not repaid. Currently, it exceeds $36 trillion, a historic record. This figure is the result of accumulated budget deficits over time, where spending exceeds tax revenues.

The debt is held by a variety of creditors, including American citizens, foreign governments, and government agencies. Although historically considered a safe investment, its continuous growth raises concerns. Potential consequences include higher borrowing costs for the government, which could divert funds from other programs, and a negative impact on the economy, such as lower private investment, lower wages, and inflation.