#USNationalDebt As of June 2025, the U.S. national debt stands at approximately $36.2 trillion, with around $29 trillion held by the public and the rest owed to government trust funds. Debt has surged due to persistent budget deficits, rising interest costs, and increased spending on Social Security and Medicare. Interest payments alone are nearing $1 trillion annually, placing pressure on the federal budget. The debt-to-GDP ratio is about 124%, signaling long-term fiscal challenges. Without major reforms, projections show the debt could reach $50 trillion by the mid-2030s, raising concerns over economic stability and policy flexibility.