#USNationalDebt The U.S. national debt is the total amount of money the federal government owes to creditors. It includes debt held by the public and intragovernmental holdings. As of 2025, the debt exceeds $34 trillion, mainly due to continuous budget deficits where government spending surpasses revenue. Key contributors include military spending, Social Security, Medicare, and interest on existing debt. High national debt can lead to increased interest rates, reduced investment, and long-term economic challenges. However, the U.S. can manage this debt due to its strong economy and global trust in the dollar. Managing debt growth remains a major political and economic issue.