#USNationalDebt

The U.S. national debt refers to the total amount of money that the federal government has borrowed from domestic and foreign sources to cover its budget deficit. As of June 2025, the U.S. national debt exceeded $32 trillion, which is equivalent to about 125% of the country's gross domestic product (GDP). The debt consists of "public debt" (owed to bondholders) and "intragovernmental debt" (owed to other government agencies). The continuous increase in debt is due to the chronic budget deficit resulting from high government spending compared to revenue. The debt has become an economic concern due to its effects on interest rates, inflation, and the ability to finance future programs.