#USNationalDebt The U.S. national debt currently stands at over $36.2 trillion as of June 2025, representing the total outstanding borrowing by the federal government throughout its history. This substantial figure, which is more than the annual output of several major economies combined, has grown significantly due to factors like increased government spending, tax cuts, and economic events such as the COVID-19 pandemic and the 2008 Great Recession. The growing debt also incurs substantial interest payments, which are becoming an increasingly larger portion of the federal budget.