#USNationalDebt The U.S. national debt has continued its upward trend, reaching approximately $36.2 trillion as of May 2025, and briefly surpassing $37 trillion in June 2025. This represents a significant increase from pre-pandemic levels. The growth is primarily driven by persistent budget deficits, where government spending outpaces revenue. Major contributing factors include increased spending on programs like Medicare/Medicaid and Social Security, as well as rising interest costs on the existing debt. The cost of servicing this debt has more than doubled in recent years, becoming a rapidly growing component of the federal budget and raising concerns about long-term fiscal sustainability.