The American Debt at $36.2 Trillion: The Trump and Powell Conflict Ignites Market and Cryptocurrency Fears

Amid fierce economic debates, and in the face of unprecedented financial figures, the American economy stands at a critical crossroads. The national debt surpassed $36.2 trillion in June 2025, and political controversy is escalating between Donald Trump and Federal Reserve Chairman Jerome Powell over interest rates, in a conflict that may not only impact the U.S. budget but also the future of cryptocurrencies and the global economy as a whole.

What is the national debt of the United States? And why should you care to know it now?

The national debt is the total amount owed by the U.S. government to lenders, whether they are individuals, institutions, or even domestic government entities. This staggering figure not only poses a burden on the budget but is also considered a critical indicator of the nation's ability to fund its programs and deal with crises.