#USNationalDebt #USNationalDebt

The national debt of the United States has reached an astonishing figure of $37 trillion, surpassing the previous record. This debt is held by various entities, including¹:

- *Foreign Governments:*

- *Japan:* $1.10 trillion (3.1% of total debt)

- *China:* $770 billion (2.2% of total debt)

- *Public Ownership:* $28.30 trillion, with $8.53 trillion held by foreign entities and $19.77 trillion held domestically.

The national debt-to-GDP ratio has also increased, currently around 106%. This surge in debt has raised concerns about the long-term financial health of the country and its repayment capacity. Some potential implications of high national debt include²:

- *Reduced Borrowing Flexibility:* High debt levels may limit the government's ability to respond to future economic challenges.

- *Economic Instability:* Unmanaged national debt can hinder economic growth and stability.

It is worth noting that national debt has grown rapidly, with some estimates suggesting that debt increases by about $1 trillion every 100 days. This trend has sparked discussions about the sustainability of the current fiscal trajectory and potential consequences for the economy.