#USNationalDebt

#USNationalDebt Here's the current picture:

According to official U.S. Treasury data, the total gross national debt currently stands at approximately $36.21 trillion as of early June 2025 . This includes:

**$28.9 trillion** held by the public (outside investors, institutions, foreign governments), and

**$7.3 trillion** held internally (intragovernmental, e.g., Social Security trust funds) .

That equates to roughly 121% of U.S. GDP .

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Key implications & recent updates 📰

Rising interest burden: Annual interest payments are now approaching or exceeding $1 trillion, overtaking budgets for defense or Medicare .

Credit rating concerns: Moody’s has downgraded the U.S. credit rating (now Aa1), joining Fitch and S&P, citing fiscal trajectory issues .

New debt legislation flight risk: The “One Big Beautiful Bill Act” passed in May could add around $2.6 trillion to the debt over the next decade .

Expert warnings: Economists like Ray Dalio, Ken Rogoff, and Niall Ferguson caution that the unchecked rise could trigger a "debt crisis" or economic downturn if interest costs and deficits aren’t controlled .