#USNationalDebt The US national debt refers to the total amount of money the United States government owes to creditors, including individuals, corporations, and foreign governments. As of October 2023, the debt exceeds $33 trillion, driven by annual budget deficits, increased government spending, and economic factors. The high level of debt raises concerns about fiscal sustainability, interest obligations, and the ability to fund future programs, prompting debates among policymakers about balancing economic growth with responsible fiscal management.