#USNationalDebt The United States' national debt has been steadily increasing over the years, with significant spikes during times of war and economic crisis. As of March 6, 2025, the total national debt stands at approximately $36.56 trillion, with debt held by the public at $29 trillion and intragovernmental holdings at $7.4 trillion ¹.

To put this into perspective, the debt-to-GDP ratio has been rising, with the Congressional Budget Office (CBO) projecting it to reach 116% by 2034. This means that the country's debt is becoming increasingly large compared to its economy.

The main drivers of the national debt are government spending and tax revenue. When the government spends more than it takes in, it must borrow to cover the difference, adding to the debt. The CBO has identified areas such as healthcare and Social Security as significant contributors to the growing debt.

It's worth noting that foreign governments and investors also hold a significant portion of the US national debt. As of December 2020, foreigners held approximately 33% of the publicly held US debt, with Japan and China being among the largest holders ¹.

Overall, the US national debt is a complex issue with significant implications for the country's economy and financial stability.