The US national debt stands at around $36.56 trillion, driven by factors like:
- Aging demographics
- Rising healthcare costs
- Higher interest rates
The Congressional Budget Office projects debt to reach 116% of GDP by 2034, potentially leading to increased interest payments and reduced economic stability.
Key stats:
- $29 trillion held by the public
- $7.4 trillion in intragovernmental debt
The growing debt may impact the country's economic stability and credit rating.