#USNationalDebt
The U.S. national debt is approximately $36.2 trillion as of May 2025, with a debt-to-GDP ratio of around 124%. It consists of debt held by the public ($28.95 trillion) and intragovernmental debt ($7.26 trillion). Interest payments on the debt reached $1.1 trillion annually, about 4.6% of GDP, the highest among developed economies. Major drivers include increased spending during the COVID-19 pandemic, aging demographics, rising healthcare costs, and higher interest rates. Foreign holders, led by Japan and China, own about $8 trillion of the debt. The debt ceiling is currently suspended until January 1, 2025.
Posts on X reflect growing concern, with some warning of unsustainable growth and potential loss of trust in U.S. Treasuries.