#USNationalDebt
Total amount of money owed by the federal government to domestic and foreign lenders. Debt accumulates when expenditures exceed revenues, prompting the government to borrow. The debt consists of two parts: public debt, which includes bonds and obligations to local and international investors, and internal debt, which includes money owed to government funds such as Social Security. The U.S. national debt surpassed $31 trillion in 2025, raising concerns about its impact on economic stability. Despite the United States' ability to borrow at low interest rates, the continuous growth of the debt raises concerns about inflation and increased future costs of servicing the debt.